Chicago Adopts Home Sharing Ordinance

After heated debate for months in the City Council, Chicago finally adopted its short-term and shared housing rental ordinance on June 22, 2016. The final version of the ordinance affords condominium and homeowners associations protections against the growing number of short-term vacation rentals, through platforms such as AirBnB and HomeStay, that have association Boards concerned about security, damage, and the quality of living when vacation rentals are prevalent in the building.     Read the article……………


Related Articles

CA State High Court Backs Arbitration Clauses Invoked by Developers

In a broad victory for contractual arbitration that called to mind recent U.S. Supreme Court decisions, the California Supreme Court

Pudlit Revisited: Caution is Recommended for All, Including Condominium Associations

As previously reported in Legal Morsels in June 2015, (at http://www.kbrlegal.com/appellate-court-ruling-on-claims-of-third-party-purchasers-at-lender-foreclosures-likely-harmful-to-homeowner-associations/) a recent decision of the Fourth District Court of

Lawsuit over downtown Phoenix condo high-rise heading to Arizona Supreme Court

Owners and their mortgage lenders of about 90 units at the downtown Phoenix condominium high-rise formerly known as Summit at