It’s that time of year again, and no, I’m not talking about the holidays. It’s that magical time when the City Comptroller announces the annual interest rate. 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 … Read More ›
Pursuant to the Chicago Residential Landlord and Tenant Ordinance (CRLTO), landlords are 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.
This year, the City Comptroller has set … Read More ›
Many Landlord/tenant relationships operate without difficulty. However, in some instances, it may become necessary for a landlord to terminate a lease and take over possession of the property from the tenant. Landlords may evict tenants for various reasons including but not limited to violation of lease terms or holdover tenancy. However, the most common case … Read More ›
Many landlord/tenant relationships operate without difficulty. However, in some instances, it may become necessary for a landlord to terminate a lease and take over possession of the property from the tenant. Landlords may evict tenants for various reasons including but not limited to violation of lease terms, non-payment of rent or holdover tenancy.
When a tenant … Read More ›