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 ›
Picture the perfect tenant. Every landlord dreams of happy, quiet, respectful tenants who pay the full rent on time, maintain the unit to near-perfect condition, and quickly respond to communication. The reality is that perfect tenants do not all look alike – they come from many backgrounds and walks of life, as outward appearance is … Read More ›
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 ›