Protecting Tenants in Foreclosed Rental Property Ordinance

To preserve, protect, maintain and improve rental property and prevent occupied buildings from becoming vacant after foreclosures.

In response to the effect of the mortgage foreclosure crisis on renters, the City of Chicago enacted the Protecting Tenants in Foreclosed Rental Property Ordinance, commonly known as the Keep Chicago Renting Ordinance (KCRO). This amendment to the Chicago Municipal Code went into effect on September 24, 2013.

The City of Chicago passed amendments to the Keep Chicago Renting Ordinance (KCRO) on April 15, 2015 which clarifies the law and increases protections for many renters living in properties lost to foreclosure. The new amendments clearly advise both renters and the new owners about the timeframe in which the new owner and renter need to communicate with each other during the process.

Authority: 
City of Chicago
Citation: 
Chicago Municipal Code § 5-14-010 et seq.