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Do you need to attach a summary of the Chicago Residential Landlord Tenant Ordinance (RLTO) to your residential tenant lease?
Answer: Yes & No
You DO NOT need to attach a summary if you as a landlord are not subject to the Chicago RLTO. You are NOT subject to the RLTO if your rental building is six units or less AND is owner-occupied.
You DO need to attach a summary if you are subject to the Chicago RLTO. All landlords who rent buildings that are NOT owner-occupied ARE subject to the RLTO regardless of whether it is six units or just one unit. For example if you own a 1 bedroom condominium in Chicago and rent it out but reside in your own home, the rental unit is not owner-occupied and subject to the RLTO. However, if you own a six flat and live in one of the units, this rental building is an owner-occupied building and NOT subject to the RLTO.
In a nutshell; if you building is six units or less, occupied by you as an owner, your building is not subject to the RLTO and the summary of the RLTO is not required. The RLTO in general is geared towards regulating non owner-occupied rental buildings with any number of units. Any time you are an absentee landlord, you are covered under all the provision of the RLTO with some small exceptions - see the RLTO code below.
If you are subject to the Chicago RLTO, please click on the attached link for a copy of the summary required to be attached to your residential lease. Chicago RLTO Summary
To view a copy of the Chicago Residential Landlord Tenant Ordinance, please click on the attached link: Chicago RLTO Ordinance
Has it been a while since you tuned up your rental operation? As a landlord, please consider calling NLO Nelson Law Office to set up a consultation for a leasing and landlord tune-up. Call 877-464-6656 or click info@nelsonlawoffice.com to email our office for more information.
Answer: Yes & No
You DO NOT need to attach a summary if you as a landlord are not subject to the Chicago RLTO. You are NOT subject to the RLTO if your rental building is six units or less AND is owner-occupied.
You DO need to attach a summary if you are subject to the Chicago RLTO. All landlords who rent buildings that are NOT owner-occupied ARE subject to the RLTO regardless of whether it is six units or just one unit. For example if you own a 1 bedroom condominium in Chicago and rent it out but reside in your own home, the rental unit is not owner-occupied and subject to the RLTO. However, if you own a six flat and live in one of the units, this rental building is an owner-occupied building and NOT subject to the RLTO.
In a nutshell; if you building is six units or less, occupied by you as an owner, your building is not subject to the RLTO and the summary of the RLTO is not required. The RLTO in general is geared towards regulating non owner-occupied rental buildings with any number of units. Any time you are an absentee landlord, you are covered under all the provision of the RLTO with some small exceptions - see the RLTO code below.
If you are subject to the Chicago RLTO, please click on the attached link for a copy of the summary required to be attached to your residential lease. Chicago RLTO Summary
To view a copy of the Chicago Residential Landlord Tenant Ordinance, please click on the attached link: Chicago RLTO Ordinance
Has it been a while since you tuned up your rental operation? As a landlord, please consider calling NLO Nelson Law Office to set up a consultation for a leasing and landlord tune-up. Call 877-464-6656 or click info@nelsonlawoffice.com to email our office for more information.
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