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Updated over 1 year ago on . Most recent reply

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15
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Julie George
  • Des Plaines, IL
8
Votes |
15
Posts

New clause in 2023 Chicago lease

Julie George
  • Des Plaines, IL
Posted

Hi all - I've been using the standard Chicago Realtors Association lease for years and noticed they added a new section in 2023 to the bottom of the first page that now says you need to be a member of CAR or that the transaction must be facilitated by a CAR member. I'm neither and I'm sure most private landlords are neither as well. Is anyone familiar with this new clause ? Will the lease be "invalid" if we continue to use it ? Thank you!

    For reference, here is the attachment I found that someone shared on a FB group. 

    https://www.facebook.com/group...

    Most Popular Reply

    User Stats

    4,073
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    Jonathan Klemm
    • Contractor
    • Chicago, IL
    2,480
    Votes |
    4,073
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    Jonathan Klemm
    • Contractor
    • Chicago, IL
    ModeratorReplied

    Hey @Julie George - I am on the property management board at the Chicago association of realtors.  I am going to bring up this topic at our next meeting.

    Personally, I don't understand the idea behind trying to keep it exclusive and don't think it should be.....stay tuned and I'll reply back.

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