General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated about 6 years ago,
Chicago Owner-Occupied Rental Laws?
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.