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Alternative Real Estate Financing
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Land Trusts
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LLCs and Partnerships
Secrets of a Real Estate Lawyer
 

Do You Have A "Self-Directed" Retirement Plan? Use It To Buy Real Estate.
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Help Stop Anti-Landlording Laws
With Voluntary Contribution to IRPOA-PAC (Political Action Committee) 

Over the past years many laws have been proposed in Springfield that would effect landlords negatively

Make landlords responsible for tenant's actions.
County Boards can regulate and license landlords at their discretion

Pay tenants annually for security deposit interest

Municipality may collect the reasonable cost of maintaining vacant and abandoned properties
No contractor shall perform electrical work unless he or she is licensed
No judgment for possession obtained in a forcible entry action may be enforced more than 120 (instead of 90) days after judgment is entered.

How much would it cost you to be a rental-housing provider if these become law? Would your investments in rental housing change? You can help Stop bad laws! 

Make a Contribution to IRPOA-PAC today!


LANDLORD TENANT ISSUES 96th GENERAL ASSEMBLY

The following are Bills IRPOA has been keeping an eye on this year.  See how your public official voted on the following items.  To find your state Senator & Representative go to http://www.elections.il.gov/DistrictLocator/SelectSearchType.aspx?NavLink=1

Glossary of Government Terms

Here are the latest bills we are watching closely:

Current bills to watch:  Click on bill to go to Illinois General Assembly page for current bill information

Bills We Are Fighting

Illinois Rental Property Owners (IRPOA)

Senate Bill 1894, a bill regarding the licensing of real estate agents, has passed the Illinois House of Representatives with amendments added to address code enforcement issues. IRPOA supports efforts to effectively enforce property standards. The stability of neighborhoods is important to preserve the value of our member's investments. It is also important that policies to enforce property standards provide property owners the opportunity to comply and a means to challenge the legitimacy of the accused violations.

The version of SB1894 which the Senate will now consider fails to adequately define violations and ensure due process for property owners whose properties are cited. IRPOA is asking our members and any interested property owners to contact your State Senator and request that our concerns with SB1894 be addressed.

 

1) The bill in its current version requires "reasonable notice" to a property owner of violations. It does not define what reasonable notice is. It also does not provide a means for a property owner to challenge the validity of the violations or any defined time limits in which the property owner can comply before the municipality takes action.

2) This bill defines any property that is unoccupied for 90 days to be abandoned. This definition is inaccurate. Abandonment of property is predicated on the owner's intent to no longer maintain the property and not whether a person resides there. Factors related to the owners ability to occupy the property, property maintenance, payment of taxes and the existence of utility service must also be considered before a property is labeled as abandoned.

3) Definition of pests is too broad with much of what is included not relevant to public health and safety.

4) Definition of nuisance greenery should also be clearly defined and not left to the judgment of a property standards inspector or a contractor with a financial incentive to maximize the scope of the work performed. In addition, a municipality should not be permitted to force property owners to remove trees infected by disease unless public lands in proximity to the property are also being treated in a similar manner.

5) The provision for removal of garbage also must be clearly defined and must differentiate between waste that the occupant would intend for disposal and items that an occupant is storing on the exterior of the property. Current law prohibits a property owner from removing the possessions of a tenant without a court order. As proposed in SB1894, the property owner could be required to take action that is prohibited by other statute. The conflict between SB1894 and existing law needs to be resolved.

 

 Sincerely,
Paul ArenaChairman IRPOA Political Action Committee.
 


New Laws Passed in 2009

HB3863 Mortgage Foreclosure - Tenant Notice

Mandates procedures that new owners of foreclosed properties must follow with regard to occupants.                                 
          Public Act 96-0111 effective 10/29/09 

 HB1336  LLC-Member Manager Authority

In a manager-managed LLC a member is held to specified standards of conduct to the extent that the member exercises managerial authority.     
          Public Act 96-0223  effective 1/1/10

 HB 0214  Real Property Disclosure - Meth Labs 

Seller must disclose if property has been a used as a Meth Lab.         
          Public Act 96-0232 effective 8/11/09

 HB3934 CRIME CD-THEFT-RENT

If you falsely pose as a landlord or landlord's employee and collect rent you will face felony charges - ranges from class 3 to class X.
  Public Act 96-0496 Effective 1/1/10

        New protected class!!!

Amendment to Illinois Human Rights Act

"Order of protection status" means a person's status as being a person protected under an order of protection issued pursuant to the Illinois Domestic Violence Act of 1986 or an order of protection issued by a court of another state.

          Public Act 096-0447 Effective 1/1/10

 New Laws  - Pertaining to Condos

HB0688 Condo - Distressed Property

Defines a distressed project and establishes a mechanism for a municipality to appoint a receiver and take over. Added to the condominium act.
          Effective  1/1/10

 HB0155  Condo Right of First Refusal - Buyer Financing

Condo association can't exercise a right of first refusal based on type of financing used by the buyer. 
          Effective 1/1/10

 SB0154 Condo Bylaws  

Owners votes don't count towards a Quorum when fees more than 60 days in arrears.
          Effective 1/1/10

 

More information on all of these bills is available at www.ilga.gov/legislation

Legislators information available at  www.ilga.gov look under “Legislator Lookup”