I have a 6 unit, non-owner occupied building in Chicago. I have a studio for rent. Am I allowed not to rent it to more than a single occupant. How about if it is a married couple or 2 family members like a mom and kid, or a married couple thats pregnant? Any one know what limits I am allow legally to keep. I know that I can not restrict occupancy to less than 2 people per bedroom if they are all related. I'm not trying to be a slum lord, I just think its a very small studio and too many people will put too much strain on the rest of the building's ammenities and make the situation worse for my current tenants. Also am I allowed to charge additionall for additional persons??
2006-12-27 05:29:03 · 4 answers · asked by Tom 1 in Business & Finance ➔ Renting & Real Estate
I don't know about Il law, and it would not make that much difference to me any way.
I limit the number of persons that can occupy a single, a two bedroom as well as a loft or a studio.
About the laws in Chicago you should find the Apartment Association and join. There are lots of things a land lord need to know these days. This agency is invaluable. They have available rent contracts, eviction notice, and all sort of necessary forms you need to be successful in this business. The can also put you in touch with a credit agency to run credit checks.
The normally have monthly or weekly meetings to keep members abreast of new laws affecting the rental market, sometimes they publish those in their monthly newsletter.
Your annual dues or fees are tax deductable. Check with your tax advisor for all tax information.
A studio is too small for more than 2-3 people at the most unless the studio is extremely large.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2006-12-27 07:26:03 · answer #1 · answered by Skip 6 · 0⤊ 0⤋
In illinois, I routinely police the number of tenant in my apartments, usually 4-5 adults at most for a 2 bedroom apartment, and only that high in certain situations. I also make the tenants identify each person living there, so I can keep an eye out if someone else moves in. I'm not sure as to the legality of how many people you are allowed to restrict it to, but I've never had any problems.
2006-12-27 06:52:10 · answer #2 · answered by Andy Jones 2 · 0⤊ 0⤋
Your local regulatory agency may specify a certain maximum you must allow.
In California, I routinely put in my rental agreement, that the maximum was 2 per bedroom, plus 1 additional person in the home. Since I was renting 2 bedroom apartments, I plainly said that no more than 5 people could live in the unit at any one time.
2006-12-27 05:33:50 · answer #3 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
Your local zoning board will tell you exactly how many people can live in an Apt that size.
2006-12-27 05:31:53 · answer #4 · answered by cop.cop11 1 · 1⤊ 0⤋