Well, thankfully sanity has prevailed for now on the issue of bedbugs. The Chicago Tribune is reporting that alderman on the City’s housing committee have declined, for now, to pass an ordinance that would declare bedbugs a nuisance and fine landlords up to $2000 a day for renting infested unit. The alderman were smart to step back and reconsider the issue.
City of Chicago
City of Chicago Vacation Rental License
Effective January 1, 2011, the City of Chicago has enacted a new business license to regulate daily/weekly rentals. The lawmakers at the City of Chicago probably had this one in mind when Chicago was in the running for the Olympics. This law will not affect “traditional” landlords, but will affect many people who rent out their real estate for short periods of time.