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 security deposit interest rate is set at 0.01% from January 1, 2021 through December 31, 2021.
Legal Requirements
It’s important … Read More ›
On June 17, 2020, the Chicago City Council adopted the COVID-19 Eviction Protection Ordinance. The Ordinance was written to expire 60 days after conclusion of the Governor’s eviction ban.
Since the Governor’s eviction moratorium ended on October 4, 2021, and the City Council took no steps to extend the Chicago Ordinance, the Chicago COVID-19 Eviction Protection … Read More ›
The Illinois Rental Payment Program (ILRPP) will open from December 6, 2021 through January 9, 2022. The program is administered by the Illinois Housing Development Authority (IHDA) and provides rental assistance up to $25,000 for landlords and tenants impacted by the COVID-19 pandemic.
Landlord and tenants can apply jointly. Frequently asked questions, eligibility forms, and other … Read More ›
As of October 4, 2021, the state-wide eviction moratorium in Illinois has expired and very few additional requirements remain in place. Our law firm expects that the courts will be entering eviction orders and the Sheriff will be enforcing those orders in their normal course of business.
However, the Sheriff may be performing evictions in chronological … Read More ›