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.
As recently announced on the City of Chicago website, the rental agreement security deposit interest rate is set at 0.01% from January 1, 2023 through December 31, 2023.
Here is the … Read More ›
As Cook County, Illinois landlords are well-aware, each year Cook County issues an eviction moratorium over the holidays and winter months. This year is no different.
Presiding Judge Kenneth Wright recently issued the court order that prohibits the Sheriff of Cook County from performing any evictions between December 19, 2022 and January 4, 2023.
The eviction moratorium … Read More ›
Effective January 1st, 2023, the Illinois Human Rights Act will add “source of income” as a protected class.
Illinois landlords, property managers, and real estate professionals should be aware of the legal and day-to-day operational implications this update will have on their tenants, screening, notices, and property administration.
Background of Fair Housing legislation
The federal Fair Housing Act … Read More ›
“Chicago Residential Landlord and Tenant Ordinance” – KSN landlord/tenant attorney Jessica Ryan discusses the Chicago Residential Landlord and Tenant Ordinance (RLTO). She reviews what steps need to be followed to be in compliance with this Chicago ordinance. (54 mins.)
The KSN Podcast examines various aspects of association law, landlord/tenant issues, property tax appeals, and more.
In … Read More ›