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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.