All in Real Estate

Property Sellers - What You Need to Know about the Illinois Real Property Disclosure Act

The Illinois Property Disclosure report is intended to prevent home sellers from intentionally failing to report the condition of a property accurately in order to sell it. This form, provided to buyers before closing, gives the buyers a full and accurate picture of the home they are choosing to buy. Read on to learn more about your liability exposure under this law.

Illinois Landlord’s Guide to Source of Income Discrimination

Landlords and property managers must be familiar with “fair housing” federal, state and local laws. These laws are an important way to protect home buyers and renters, they are not always obvious to landlords and property managers. Take a look at our guide to learn about one specific aspect of fair housing that is unique to Chicago and Cook County, Illinois: source of income discrimination.

Illinois “Rent to Own” Contract Law

There has been an increase in home buyers purchasing real estate under an installment contract also called “rent to own” contract or contract for deed, rather than using a traditional mortgage. Read on to learn about the new installment “rent to own” contract law in Illinois is designed to protect home buyers who finance a home purchase using an installment contract.