Tag Archives: safe homes act

Beyond the CRLTO: Other Chicago Rental Laws

In the Chicago rental housing market the CRLTO (Chicago Residential Landlord-Tenant Ordinance) gets all the glory when it comes to laws. More and more landlords and tenants are aware of it, and this is probably for the best as the penalties for violations are quite steep. However, there are other laws that also pertain to rental housing in Chicago that should not be ignored. Here are some that you may not know about. There are certainly more laws that apply, but these are some of the most crucial.

Artistic interpretation of the Chicago code of laws governing rentals

Federal Laws

Lead Based Paint Disclosure. The law requiring the disclosure of lead based paint hazards to anyone buying or renting a home has been on the books for twenty years. If a property was built before 1978 the landlord must tell the tenant about any lead-based paint hazards that they know of before renting it out. They also must provide a copy of the EPA’s “Protect Your Family From Lead In Your Home” pamphlet. Read more about the law.

State Laws (more…)

10 Situations You Should Plan For as a New Chicago Landlord

Cartoonstock.com cartoon - worst case scenarioMost new landlords think through the steps involved in finding a tenant, but they rarely plan on what to do in the event that a major catastrophe or minor disturbance alters the flow of the occupancy. After 7 years in the rental market I can attest that every one of the 10 items on this list has occurred, sometimes on multiple occasions. I’m not going to tell you what your contingency plans should be, although I have served as a sounding board before in helping landlords hash out their worst case scenarios.

In all of these cases make sure that you know the city laws about what you can and cannot do, have contacts handy in your files who can handle the repairs, and know what your timeframe and potential cost will be is to resolve the issue. Make sure you’ve taken all the necessary preventive measures to keep these situations from occurring, without hindering your tenants’ ability to live comfortably in their apartments. Figure out what insurance will cover. Figure out what your liability limits are. Having a plan in place will help you to keep your head about you and your wallet close to intact in these admittedly stressful scenarios.

Photo of fire damage caused by a space heater

Fire damage to a Florida apartment caused by a space heater.

1. Fire that damages a unit. 90,500 apartment fires break out per year in the United States. In 2010 that came to 440 deaths, nearly 4000 injuries and over $1b in property damage. (Source: [1]) 36% of all US fires in 2010 were to some sort of building, as opposed to wildfires, dumpster fires, cars, etc. (Source: [2]) Regardless of if it’s a small grease fire that can be extinguished with a kitchen fire extinguisher or a space heater that arcs on an overloaded outlet, it’s always possible that one of your apartments will be damaged by fire.

Skyline shot of Chicago apartment building on fire

3 alarm fire at 885 W Cornelia, summer 2011

2. Fire that destroys the building. A single apartment on fire is one thing. Losing an entire wing full of apartments, or worse, seeing your property condemned due to fire, is an absolute disaster. This is, oddly enough, one of the few scenarios that new landlords will actually plan for as it’s a pretty extreme “what if.”  Fires are tricky things to contain. A careless neighbor, vagrant or neighboring pizza place could take out your building. Make sure you’ve planned for fires both big and small. (more…)