For landlords and property managers, choosing the right tenant for your residential unit can be stressful. Time is of the essence, and when it comes to screening advice, misinformation abounds. This article clarifies six (6) of the common rules of thumb that landlords face in screening prospective tenants.
Note: The below statements are tailored to city … Read More ›
Chicago Heat Ordinance
The Department of buildings enforces the Chicago Building Code, which includes the Chicago Heat Ordinance. The Heat Ordinance mandates that during cold weather months landlords supply heat to rental units or to any unit where owners do not have individual control of the heat.
From September 15th through June 1st, … Read More ›
Previously, the requirement for the City Annual Inspection Certification (“AIC”) was that the elevators/devices in buildings located in the Central Business District were inspected on a yearly basis. The new requirement is for compliance (elevators must pass inspection before the deadline) by the due date assigned to your building by the City. Previously, the deadline for … Read More ›
Pursuant to the Chicago Residential Landlord and Tenant Ordinance (CRLTO), a landlord is obligated to pay interest on monies held (for six months or more) to the tenant within 30 days after the end of each 12-month rental period by cash or credit to be applied to the rent due. For … Read More ›