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annalisaburke, Home Buyer in Chicago, IL

How much of an advance notice do you have to give the current renter before putting a condo up for sale in Chicago,IL?

Asked by annalisaburke, Chicago, IL Tue Jan 15, 2013

We are looking to put up our condo for sale in Chicago in July 2013. The current renter's lease is up on June 30, 2013--when would we legally need to inform them that the lease will not be renewed due to putting the unit up for sale. What if they refuse to move out by the end of the lease--what steps can we as the owners take?

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Heath Coker’s answer
The lease should answer that .
You can always sell it with the tenant in it.
Ask your lawyer.

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0 votes Thank Flag Link Tue Jan 29, 2013
Not sure what the laws are in IL but you should check with a local realtor. Here in Mass you just need to give the tenants 30 Days Notice of Non-Renewal.
0 votes Thank Flag Link Tue Jan 15, 2013
If you know for certain that you are going to put it up for sale then give him as much notice as you can especially if they have been good tenants. He is still obligated to satisfy the terms of the lease through June unless you would like to put it on the market sooner. The Spring market is a better market than late summer. Maybe he would move earlier if you told him earlier. If they fail to leave you serve them with an eviction order - that will be a pain in the neck but it's all you can do.
0 votes Thank Flag Link Tue Jan 15, 2013
Hi Annalisaburke, Consult the Landlord and Tenants for the your City.
0 votes Thank Flag Link Tue Jan 15, 2013
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