Landlord Advice

Whether your tenants live in a 3-flat, a single family home, or a tall residential tower, Chicago’s new Recycling Ordinance applies to your rental property. As a landlord, you have four obligations under the ordinance:

  1. Provide recycling services. Landlords must provide sufficient recycling containers to enable residents and visitors to recycle. Because Chicago has endorsed single-stream recycling, all recyclable materials can be deposited in the same blue cart—you
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Have you heard that the state representative from Logan Square is hoping to make rent control a possibility for Chicago?  Here’s what Chicago landlords need to know about the bill (HB 2430):

  1. Currently, Chicago Landlords Can Raise The Rent At The End of the Lease. Many major U.S. cities have rent control—which means that local laws regulate or prohibit the raising of rent. But Chicago is not among them. While Chicago’s Residential Landlord Tenant Ordinance provides many protections to renters, it does not shield renters from landlords who wish
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In 2015, the City Council approved a new ordinance that clarifies existing guidelines for when sidewalks need to be cleared of snow and increases fines for failure to do so. Some of the key changes to the ordinance are outlined below.

  • The new ordinance increases fines from $50 to anywhere from $50-$500 per occurrence. Fines are determined on a case-by-case basis by an administrative hearings judge.
  • The previous ordinance gave Chicagoans the day off from shoveling on Sundays. The new ordinance requires residents to shovel seven days a week.
  • The City Council
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On the first business day of each year, the City Comptroller announces the rate of interest to be paid on security deposits for residential lease agreements governed by the City of Chicago Residential Landlord and Tenant Ordinance (CLRTO). The new rate is effective January 1, 2017 through December 31, 2017. The 2017 rate remains unchanged at .01%.

In other words, a landlord holding a $1,000 security deposit under a lease made or renewed in 2017 will owe a tenant 10 cents in interest at the end of the lease year. The City bases the rate on average interest rates at Chase Bank, the...


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