You are here: Home Verella’s Round-Up

Verella’s Round-Up

 

  • Verella’s Round-Up: Chicago COVID-19 Eviction Ordinance

    verella osborne

    Well, I’ve thought long and hard to find any good news for Illinois housing providers and the situation just gets bleaker. Most of you have been advised, ad nauseum, of the Illinois moratorium on filing and enforcing residential evictions now extended through the end of the year, with additional extensions likely.

     

    Read more

  • Verella’s Round-Up: Chicago COVID-19 Eviction Ordinance

    verella osborne

    Many property owners will be surprised to learn that, with the enactment of the new Chicago COVID-19 Eviction Ordinance that was passed on June 17th, most 5-Day notices (or any demands for unpaid rent) served on Chicago residential tenants after March 21 are now null and void.

     

    Read more

  • Verella’s Round-Up: JHO Follow-up; Status of Evictions

    verella osborne

    Well, the Just Housing Ordinance has been in effect for four months – so how has it affected your application process? Have you decided not to consider an applicant’s criminal history at all? If you have, please note that there is a difference of opinion among attorneys: some believe the JHO only applies if a landlord considers criminal history in renting; other attorneys believe the JHO is not limited in this respect and applies across the board to all residential and commercial rentals and sales. If you don’t want to be the “test case,” I suggest you comply even if you don’t consider criminal records.

     

    Read more

  • Verella’s Round-Up: Employee and Caretaker Leases

    verella osborne

    Do you provide an apartment for your building manager or janitor as part of his/her employment? Or, in this aging population, do you rent to an elderly or disabled tenant who has a live-in caretaker? While the first scenario is common to mostly larger management companies, the second is becoming commonplace for all landlords. What happens when the employee quits or you fire him? What happens if your elderly tenant dies and leaves the caretaker in the unit? To protect yourself in both situations, you need a custom lease for each of these types of occupants.

     

    Read more

  • Verella’s Round-Up: "Tips for Year-End" – Is It Time to Incorporate Rent Increases in Residential Leases?

    verella osborne

    Two property owners recently drafted residential Chicago leases in which they have the right to increase rent during the term of the lease. One tied the rent increase directly and proportionately to any real estate tax increase occurring during the lease; the other just inserted a general right to increase the rent by no more than ten percent (10%) during the term. Such rent increases may seem detrimental from a marketing standpoint, but consider the following list of costs that have increased during just the last 12 months:

     

    Read more

  • Verella’s Round-Up: "HODGEPODGE"

    verella osborne

    Having just returned from a 24-day vacation this week, my brain is still in holiday mode. The following is a grab-bag of unrelated issues that have all arisen within the last few months:

     

    Read more

  • Verella’s Round-Up: Leasing Tips for the New Year

     

    verella osborne


    Statutory and technology changes have created some new opportunities and some new risks for property owners. Here are a few ideas about how to improve your lease documents in the ever-changing world of property management.

     

    Read more

  • Verella’s Round-Up: E-Filing and Evictions

     

    verella osborne

    The State of Illinois mandated consolidated electronic filing of all legal documents via the state database, effective January 1, 2018. Several counties, including Cook and Du Page, received extensions to the mandate: January 1, 2019 for DuPage, and July 1, 2018 for Cook.

     

    Read more

  • Verella’s Round-Up: What do I do when my elderly tenant has been taken to a nursing home?

     

    verella osborne

    What do I do when my elderly tenant has been taken to a nursing home?

     

    Read more

  • Verella’s Round-Up: What do I do when my tenant is in jail?

     

    verella osborne

    Because U.S. criminal and civil laws are separate, a criminal act does not affect a tenant’s civil right to possession of his residence. The first order of business is to confirm the location of the tenant’s incarceration and obtain his inmate number by searching the databases listed below.

     

    Read more

  • Verella’s Round-Up: More Roommates, More Problems?

     

    verella osborne

    As living expenses have increased, shared living arrangements have grown rapidly and are now at record levels, according to The Rental Housing Journal. More adult occupants per unit inherently cause more problems for property owners. Here are some of the primary issues that can impact landlords when renting to roommates.

     

    Read more

Got questions?

Send us an This email address is being protected from spambots. You need JavaScript enabled to view it. or give us a call at (773) 491-1235.

 

Search

Contact

  • PO BOX 608492, Chicago, IL 60660
  • (773) 491-1235

 

Newsletter