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Updated about 6 years ago,

User Stats

238
Posts
68
Votes
Lucas Hammer
  • Chicago, IL
68
Votes |
238
Posts

Chicago Owner-Occupied Rental Laws?

Lucas Hammer
  • Chicago, IL
Posted

So, we just bought our first deal, a house-hack on Chicago's Southwest side. I spend about a day or two reading the RLTO in it's entirety. Then I read the Exclusions section, and since it's owner-occupied and less than 6 units, it appears that the only thing that applies to me is the tenant lockout ordinance. For anyone who has house hacked in Chicago, can you answer if there's another ordinance I should be looking at? It kind of looks like we can do whatever we want with the lease.

We still plan on using the RLTO as a guideline for late fees, interest on deposits, etc., but I want to make sure there isn't another ordinance that applies to us instead of the RLTO. Thanks.

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