Vote against new tenant RLTO in Chicago

[Henry Lazerow]

I encourage everyone to respond to this call to action regarding the changes to the RLTO being proposed by the Mayor. This ordinance will impact landlords' ability to renovate their units as well as for new conversions/construction projects to continue within the city of Chicago. 

The proposal:

-Increases the tenant notification of lease termination to 90 days, up from 30 days.

-Mandates that even if the tenant is given proper notice, if a landlord renovates, converts to condominium or demolishes their property within 3 months of the tenant moving out, they will have to pay the tenant a $2500 relocation fee.

Cast your vote against here... https://www.votervoice.net/ILRealtors/Campaigns/74776/Respond

Thank you for your support.

[Sarah Lewis]

I think if we want to make an effective case against this legislation, we need to think about unintended consequences that will end up hurting tenants. We already know people/politicians don't 'feel our pain'. 

When I read the legislation, as written, it seems that it would be safer for landlords to NOT sign yearlong leases. 

Seems like that will mean that tenants will have less, not more, security. 

Remember when everyone took security deposits? Then the laws fining landlords for technicalities, like not keeping deposit in a separate account, or being 5 cents off on interest came to be. I don't know about your, but I have moved away  from security deposits altogether and no do a 'move in fee' of $300 or $400 dollars. Works out great for me! I get to keep the entire fee as opposed to returning the entire security deposit.