Effective March 11, 2024, the Illinois Housing Development Authority (IHDA) has implemented changes to the Court-Based Rental Assistance Program (CBRAP) which reduces the awards granted to landlords.
As many landlords and rental property managers are aware that during the pandemic, the IHDA offered rental assistance in phases, periodically opening and closing application periods as funds were … Read More ›
The City of Chicago made a recent update to the Residential Landlord and Tenant Ordinance (RLTO) summary as reflected on their website (https://www.chicago.gov/city/en/depts/doh/provdrs/landlords/svcs/residential-landlord-and-tenant-ordinance.html).
“The ordinance requires that a summary copy of the ordinance be given to prospective tenants by the landlord. The summary must be attached to each written lease agreement and lease renewal, and … Read More ›
A U.S. District Court judge in Alabama recently ruled that the Corporate Transparency Act (CTA) is unconstitutional. The CTA, enacted on January 1, 2021, directs the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) to establish a nationwide database of beneficial ownership of certain corporations and other legal entities, including:
Directors and board members of … Read More ›
“2024 Illinois Landlord Legal Updates – Part 2” – KSN landlord/tenant attorney Jessica Ryan discusses important legal updates impacting Illinois landlords and rental property managers.
Topics include the Just Housing ordinance, Cook County Residential Tenant Landlord ordinance, source of income, state of evictions, and more. (50 mins.)
The KSN Podcast examines various aspects of association law, landlord/tenant issues, … Read More ›