Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Chicago Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

27
Posts
13
Votes
Gillian C.
  • Chicago
13
Votes |
27
Posts

Chicago: Rules on tenants who are MTM after expired lease

Gillian C.
  • Chicago
Posted

Hi Chicago folks. Could you shed light on the following scenario:

- Tenant on a year-long lease that ended August.

- Tenant continued to pay rent September and November. 

- No new lease was signed.

Two questions (one for a friend who is a tenant in this situation, and one for me as landlord next time I'm in this situation):

1) How much notice if any does the tenant have to give the landlord notice of move-out? If there is a minimum notice, what are repercussions for moving out without this notice?

2) How long does a landlord have to give a tenant on an expired lease that has become MTM notice that they must move out? I thought this was 60 days but was recently told it increased to 90? If the tenant is on a signed MTM lease, is this notice period the same or different?

Thanks all!

Most Popular Reply

User Stats

27
Posts
15
Votes
Jason Dalka
  • Real Estate Broker
  • Chicago, IL
15
Votes |
27
Posts
Jason Dalka
  • Real Estate Broker
  • Chicago, IL
Replied

@Gillian C. The rules have actually just changed in Chicago and the amount of notice is now dependant on the length of tenancy. Here's a link to a good overview. https://www.thompsoncoburn.com/insights/publications/item/2020-07-23/what-landlords-need-to-know-about-chicago-s-fair-eviction-notice-ordinance

Loading replies...