Investor · Chicago, IL · Member since 2014 · 179 posts · 122 votes
The Chicago City Council is on its way to making major changes to residential rental laws that will hurt the market (Listen to the latest update here https://soundcloud.com/chicago...):
Increase lease non-renewal notice requirement up to 120 days (4 months!) from the current 30-day requirement.
Allow tenants much more time to stop eviction proceedings after months of non-payment.
Further, the public was only provided 2 hours notice before this proposal was voted on in Committee.