Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Chicago Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

1,309
Posts
2,051
Votes
Matthew Olszak
  • Real Estate Broker
  • Chicago, IL
2,051
Votes |
1,309
Posts

Keep Chicago Renting Ordinance is DONE

Matthew Olszak
  • Real Estate Broker
  • Chicago, IL
Posted

This probably doesn't affect a whole lot of folks, but if nothing else its a good sign as far as the appellate court's view of excessively overreaching ordinances:

https://courts.illinois.gov/Op...

"It is evident that the KCRO clearly regulates and controls the amount of rent a landlord may charge for residential property—no more than 102% of a qualified tenants’ current annual rent. As such, it clearly runs afoul of the Act, which prohibits such control or regulation by “home rule” bodies such as the City."

"¶ 25 Ms. Rivera suggests that a landlord may avoid the effect of this control by declining to rent the property to a qualified tenant altogether and instead offer the relocation assistance fee. However, this reasoning strains logic because under that analysis, no rent control measure would ever be contrary to the Act because rent control, even as traditionally understood, does not require a property owner to rent the property. An owner is always free to decline to rent his property and, as such, avoid any restrictions on the amount of rent that can be charged."

"Therefore, it is reasonable to assume that the Chicago City Council would not have passed the KCRO without the rent limitation. In other words, rent control is an integral underpinning of the ordinance. For this reason, we conclude that the invalid portion of the KCRO is not severable from the remainder of the ordinance. Therefore, the KCRO is wholly preempted by the Act, and the trial court erred in denying the defendants’ motion to dismiss on that basis."

On a side note, check out what the circuit court awarded the tenant before the appellate court reversed: $21,200 in statutory damages, $807.50 in costs, and...

$98,420.00 in attorney fees!


  • Matthew Olszak
  • [email protected]
  • 847-447-6824
  • Most Popular Reply

    User Stats

    1,834
    Posts
    2,346
    Votes
    Henry Lazerow
    • Real Estate Agent
    • Chicago, IL
    2,346
    Votes |
    1,834
    Posts
    Henry Lazerow
    • Real Estate Agent
    • Chicago, IL
    Replied

    Great news! I feel the pritzker eviction ban is in a way very similar to rent control (taking control of private property) especially now that they just renewed it even AFTER a vaccine. We need to launch class action civil suits which several other states have already started. 

    Loading replies...