security deposit recovery Reda Ciprian Magnone, LLC attorney lawyers in Chicago assisting landlords and tenants
 

Are you a tenant or a landlord with a question about your security deposit? Contact us:

Reda | Ciprian | Magnone, LLC
8501 W. Higgins Suite 440
Chicago, Illinois 60631
773.399.1122
fax 773.399.1144
email us

CRLTO

Table of Contents
5-12-010 Title Purpose Scope
5-12-020 Exclusions
5-12-030 Definitions
5-12-040 Tenant Requirements
5-12-050 Landlord Access
5-12-060 Denied of Access
5-12-070 Maintenance
5-12-080 Security Deposits
5-12-081 Interest on Deposits
5-12-082 Interest Rates
5-12-090 Owners and Agents
5-12-095 Foreclosure Notice
5-12-100 Habitability Notice
5-12-110 Tenant Remedies
5-12-120 Subleases
5-12-130 Landlord Remedies
5-12-140 Rental Agreement
5-12-150 Retaliatory Conduct
5-12-160 Occupancy Violation
5-12-170 Summary Attached
5-12-180 Attorney's Fees
5-12-190 Rights under Law
5-12-200 Severability

Municipal Code of Chicago

Chapter 5-12

Residential Landlords and Tenants

Click on an ordinance section at the left

Section 5-12-095 Tenants' Notification of Foreclosure Action

(a) Within seven (7) days of being served a foreclosure complaint, as defined in 735 ILCS 5/15-1504, an owner or landlord of a premises that is the subject of the foreclosure complaint shall disclose, in writing, to all tenants of the premises that a foreclosure action has been filed against the owner or landlord. An owner or landlord shall also disclose, in writing, the notice of foreclosure to any other third party who has a consistent pattern and practice of paying rent to the owner or landlord on behalf of a tenant.

Before a tenant initially enters into a rental agreement for a dwelling unit, the owner or landlord shall also disclose, in writing, that he is named in a foreclosure complaint.

The written disclosure shall include the court in which the foreclosure action is pending, the case name, and case number and shall include the following language:

"This is not a notice to vacate the premise. This notice does not mean ownership of the building has changed. All tenants are still responsible for payment of rent and other obligations under the rental agreement. The owner or landlord is still responsible for their obligations under the rental agreement. You shall receive additional notice if there is a change in owner."

(b) If the owner or landlord fails to comply with this section, the tenant may terminate the rental agreement by written notice. The written notice shall specify the date of termination no later than thirty (30) days from the date of the written notice. In addition, if a tenant in a civil legal proceeding against an owner or landlord establishes that a violation of this section has occurred, he shall be entitled to recover $200.00 in damages, in addition to any other damages or remedies that the tenant may also be entitled.

Have an issue?
If you believe your landlord has violated the obligation to make a timely return of your deposit or to pay interest on your deposit, please feel free to telephone us at 773-399-1122 for a free telephone consultation (most consultations require approximately ten to fifteen minutes) or email us.  

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