Sunday, January 13, 2013

City Comptroller Announces 2013 Security Deposit Interest Rate

The Chicago Residential Landlord and Tenant Ordinance (RLTO) requires the city comptroller to set the rate of interest to be paid on security deposits held by landlords. The rate is calculated annually based on a formula tied to actual market rates. The new rate for 2013 of 0.023 percent applies to all residential rental agreements in which the lease term begins from January 1 to December 31, 2013.  The amount of interest paid on security deposits is determined by the rate in effect on the date the lease term commences. Owner-occupied buildings of six or fewer units are not required to pay interest on security deposits.



Posted by Bradford Miller Law, P.C.
A Law Firm Dedicated To Real Estate Law, Landlord Tenant Law, and Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602
312-238-9298

Offering free legal representation to homeowners seeking a short sale

Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer, Chicago building code violations, short sale attorney Chicago. This is intended to be advertising.  Please consult with an attorney before acting on any information given here.
 

Monday, January 7, 2013

My tenant is not paying me rent

If you need help evicting a tenant in Chicago, call our office right away.  We offer very reasonable rates.  Call Attorney Bradford Miller at 312-238-9298 for a free consultation.

Posted by Bradford Miller Law, P.C.

Real Estate Law, Landlord Tenant Law, Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602
312-238-9298
http://www.bradfordmillerlaw.com

Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer. This is intended to be advertising. Please consult with an attorney before acting on any information given here.

Thursday, January 3, 2013

Do not change locks on a tenant

Not that long ago, I dealt with a situation where a landlord apparently changed the locks on a tenant after the tenant was late with his rent.  The landlord was a first time landlord who was renting out his condo due to the decline in the real estate market.  The landlord thought he didnt do anything wrong - after all, in his mind the tenant didnt pay his rent on time so he was simply taking back his property.  He never heard of the Chicago Residential Landlord Tenant Ordinance and definitely was surprised when he was contacted by the tenant's attorney.

We were able to settle the matter out of court but I believe this landlord learned an important lesson.  Read the Chicago Residential Landlord Tenant Ordinance.  It applies to most landlord-tenant situations and it will tell you what you can and cannot do.  Even better though, consult with an Attorney.  Paying for an hour of the Attorney's time can possibly save you thousands later.

My office offers one on one landlord training for only $175.00.  (Approximately one hour of time).  If you plan on being a landlord in the City of Chicago, it is definitely a good investment.  To schedule a one on one training session, contact my office today.

Posted by Bradford Miller Law, P.C.

Real Estate Law, Landlord Tenant Law, Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602
312-238-9298
http://www.bradfordmillerlaw.com/
Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer. This is intended to be advertising. Please consult with an attorney before acting on any information given here.

Sunday, December 2, 2012

New and improved website


Bradford Miller Law, PC has revised its website to include even more information on short sales, real estate transactions, landlord-tenant disputes, building code violations, and estate planning.  Visit the new site at www.bradfordmillerlaw.com!

Posted by Bradford Miller Law, PC, 134 N. LaSalle, Suite 1040, Chicago, IL 60602.  Bradford Miller Law, PC offers free legal representation for homeowners going through a short sale.  For a free short sale consultation, call 312-238-9298.

Sunday, April 15, 2012

Landlords must give proper notice before an eviction can take place

Before a landlord can begin the eviction process, proper notice must be given to the tenant. Typically, the notice required is the "5-day notice" which is for non-payment of rent. This notice must contain specific language per the statute and must be served properly. If you have a landlord-tenant problem, call my office for a free 15-minute phone consultation.

Posted by Bradford Miller Law, P.C.
Real Estate Law, Landlord Tenant Law, Estate Planning
134 N. LaSalle, Suite 2250
Chicago, IL 60602
312-238-9298
http://www.bradfordmillerlaw.com

Offering free legal representation to homeowners seeking a short sale

Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer, Chicago building code violations, short sale attorney Chicago. This is intended to be advertising. Please consult with an attorney before acting on any information given here.