{"id":2773,"date":"2021-02-03T16:58:47","date_gmt":"2021-02-03T16:58:47","guid":{"rendered":"https:\/\/apartmentsourcechicago.com\/blog\/?p=2773"},"modified":"2021-02-16T21:28:11","modified_gmt":"2021-02-16T21:28:11","slug":"changes-to-the-residential-tenant-and-landlord-ordinance","status":"publish","type":"post","link":"https:\/\/apartmentsource.com\/blog\/changes-to-the-residential-tenant-and-landlord-ordinance\/","title":{"rendered":"Changes To the Residential Tenant And Landlord Ordinance"},"content":{"rendered":"<div dir=\"auto\">Important changes to the Residential Tenant and Landlord Ordinance were passed by Cook County\u2019s board on Thursday January 28th. Recent proposals included amendments that disproportionately burdened landlords with storage costs of abandoned personal property, decreased late fees, increased late rent grace periods and decreased revenue from necessary (move-in and administrative) fees, among other stipulations.<\/div>\n<div dir=\"auto\"><\/div>\n<p dir=\"auto\">The Apartment Source is a proud member of both The Chicago Association of Realtors<sup>\u00ae <\/sup>and Illinois Realtors<sup>\u00ae<\/sup>, who worked with the Zoning and Board Committee for a more balanced legislation. Landlords <strong>outside<\/strong> of Chicago, Evanston and Mount Prospect should note the following rules and amendments effective this June:<\/p>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\n<ul>\n<li dir=\"auto\" style=\"text-align: left;\">Security deposits are limited to no more than 1.5x the monthly rent<\/li>\n<li dir=\"auto\" style=\"text-align: left;\">Repairs under $500 or 1\/2 of 1 month\u2019s rent (whichever is greater) must be fixed within 14 days of written notification or tenants may fix themselves and deduct the cost from rent dues.<\/li>\n<li dir=\"auto\" style=\"text-align: left;\">Change in the $10 late-fee ceiling from $1500 to $1000<\/li>\n<li dir=\"auto\" style=\"text-align: left;\">Lease renewal notifications are 60 days (down from 90 days)<\/li>\n<li dir=\"auto\" style=\"text-align: left;\">Landlords will not be burdened with storage of abandoned property<\/li>\n<li dir=\"auto\" style=\"text-align: left;\">Landlord\u2019s right to cure is now two business days \u00a0as opposed to 48 hours<\/li>\n<li dir=\"auto\" style=\"text-align: left;\">Time to return security deposit was increased from 21 days to 30 days<\/li>\n<li dir=\"auto\" style=\"text-align: left;\">Move in fee itemized costs may now include a \u201creasonable estimate\u201d<\/li>\n<\/ul>\n<\/div>\n<div dir=\"auto\"><\/div>\n<p dir=\"auto\">The following landlords are exempt from the above changes:<\/p>\n<ul>\n<li dir=\"auto\">Landlords who own and occupy residential buildings with 6 units or less<\/li>\n<li dir=\"auto\">Homeowners renting single family homes or condos that have occupied the premises within the last 12 months and are not professionally managed.<\/li>\n<\/ul>\n<p>Any questions about the 2021 changes to the RLTO and how it might affect you?<\/p>\n<p>Call The Apartment Source at 773 404 9900<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Important changes to the Residential Tenant and Landlord Ordinance were passed by Cook County\u2019s board on Thursday January 28th. Recent proposals included amendments that disproportionately burdened landlords with storage costs of abandoned personal property, decreased late fees, increased late rent grace periods and decreased revenue from necessary (move-in and administrative) fees, among other stipulations. The Apartment Source is a proud member of both The Chicago Association of Realtors\u00ae and Illinois Realtors\u00ae, who worked with the Zoning and Board Committee for a more balanced legislation. Landlords outside of Chicago, Evanston and Mount Prospect should note the following rules and amendments effective [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[143,144,1],"tags":[146,153,156,158],"class_list":["post-2773","post","type-post","status-publish","format-standard","hentry","category-around-the-city-of-chicago","category-chicago-rental-market","category-uncategorized","tag-chicagorealestate","tag-chicagoapartments","tag-chicagolandlords","tag-crlto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Changes To the Residential Tenant And Landlord Ordinance - The Apartment Source<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/upgrade.apartmentsource.com\/blog\/changes-to-the-residential-tenant-and-landlord-ordinance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Changes To the Residential Tenant And Landlord Ordinance - The Apartment Source\" \/>\n<meta property=\"og:description\" content=\"Important changes to the Residential Tenant and Landlord Ordinance were passed by Cook County\u2019s board on Thursday January 28th. Recent proposals included amendments that disproportionately burdened landlords with storage costs of abandoned personal property, decreased late fees, increased late rent grace periods and decreased revenue from necessary (move-in and administrative) fees, among other stipulations. The Apartment Source is a proud member of both The Chicago Association of Realtors\u00ae and Illinois Realtors\u00ae, who worked with the Zoning and Board Committee for a more balanced legislation. Landlords outside of Chicago, Evanston and Mount Prospect should note the following rules and amendments effective [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/upgrade.apartmentsource.com\/blog\/changes-to-the-residential-tenant-and-landlord-ordinance\/\" \/>\n<meta property=\"og:site_name\" content=\"The Apartment Source\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-03T16:58:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-16T21:28:11+00:00\" \/>\n<meta name=\"author\" content=\"Tyson Schutz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tyson Schutz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/upgrade.apartmentsource.com\/blog\/changes-to-the-residential-tenant-and-landlord-ordinance\/\",\"url\":\"https:\/\/upgrade.apartmentsource.com\/blog\/changes-to-the-residential-tenant-and-landlord-ordinance\/\",\"name\":\"Changes To the Residential Tenant And Landlord Ordinance - The Apartment Source\",\"isPartOf\":{\"@id\":\"https:\/\/upgrade.apartmentsource.com\/blog\/#website\"},\"datePublished\":\"2021-02-03T16:58:47+00:00\",\"dateModified\":\"2021-02-16T21:28:11+00:00\",\"author\":{\"@id\":\"https:\/\/upgrade.apartmentsource.com\/blog\/#\/schema\/person\/a1bcec23930583cb3296ed469d2da560\"},\"breadcrumb\":{\"@id\":\"https:\/\/upgrade.apartmentsource.com\/blog\/changes-to-the-residential-tenant-and-landlord-ordinance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/upgrade.apartmentsource.com\/blog\/changes-to-the-residential-tenant-and-landlord-ordinance\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/upgrade.apartmentsource.com\/blog\/changes-to-the-residential-tenant-and-landlord-ordinance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/upgrade.apartmentsource.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Changes To the Residential Tenant And Landlord Ordinance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/upgrade.apartmentsource.com\/blog\/#website\",\"url\":\"https:\/\/upgrade.apartmentsource.com\/blog\/\",\"name\":\"The Apartment Source\",\"description\":\"The Apartment Source\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/upgrade.apartmentsource.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/upgrade.apartmentsource.com\/blog\/#\/schema\/person\/a1bcec23930583cb3296ed469d2da560\",\"name\":\"Tyson Schutz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/upgrade.apartmentsource.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/eb86b280aa0e1be206e49088a2398d7a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/eb86b280aa0e1be206e49088a2398d7a?s=96&d=mm&r=g\",\"caption\":\"Tyson Schutz\"},\"url\":\"https:\/\/apartmentsource.com\/blog\/author\/tyson\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Changes To the Residential Tenant And Landlord Ordinance - The Apartment Source","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/upgrade.apartmentsource.com\/blog\/changes-to-the-residential-tenant-and-landlord-ordinance\/","og_locale":"en_US","og_type":"article","og_title":"Changes To the Residential Tenant And Landlord Ordinance - The Apartment Source","og_description":"Important changes to the Residential Tenant and Landlord Ordinance were passed by Cook County\u2019s board on Thursday January 28th. 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