RENTAL PROPERTY LAW

The 1400 N. Lake Shore Drive Condominium De-Conversion

A few months back I wrote about the flood of condo de-conversions in the city of Chicago and how recent changes to Section 15 of the Illinois Condominium Property Act in 2018 could make it more challenging for developers to reach the 75% owner threshold required to trigger de-conversion. It was only a matter of time before the saga of a high-profile condominium teetering on the brink of de-conversion...

A Brief History of the Chicago Residential Landlord-Tenant Ordinance

For Millennials and many others, the optionality of renting one’s residence has seen a dramatic increase. Whether it’s the real estate crash of 2008, the economic climate of the State of Illinois and City of Chicago or the changing tax laws that limit the deductibility of state and local taxes, the number of people renting where they reside has and is sure to increase. On the other side of...