Each year the City of Chicago Comptroller is required to review and set the rate of interest to be paid on security deposits for residential lease agreements.
From January 1, 2019 through December 31, 2019, the security deposit interest rate is set at 0.01% (unchanged since 2015).
Remember: the Chicago Residential Landlord and Tenant Ordinance (CRLTO) requires … Read More ›
On Thursday, November 19, 2018, Judge E. Kenneth Wright (presiding Judge of the First Municipal District of the Circuit Court of Cook County), issued General Order 2018-03. The order sets the dates and terms for the 2018-2019 moratorium on the enforcement of orders for possession in the forcible entry and detainer eviction cases in Cook … Read More ›
The City of Chicago passed an Ordinance, effective May 25, 2018, that amends the Chicago Condominium Ordinance.
The Ordinance now provides that owners may inspect, examine, and copy the names, addresses, and weighted vote of all members entitled to vote and, importantly, the Ordinance confirms that condominium owners do not have a right to inspect, examine … Read More ›
The Condominium and Common Interest Community Ombudsperson Act became effective on January 1, 2017. Generally, the purpose of this Act is to create a State of Illinois-operated mechanism to assist in resolving certain disputes within condominium and community associations.
It is important to recognize that certain tasks must be accomplished before the January 1, … Read More ›