For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

§ 5-14-030 — Exclusions

Municipal Code of Chicago (2026 S-74, current through Council Journal of June 17, 2026) · Municipal Code of Chicago § 5-14-030

Corpus is an independent public-information project, not the official City of Chicago website. Stable reference URL

5-14-030 Exclusions.

This chapter shall not apply to: (a) an owner of a foreclosed rental property who was the owner prior to the effective date of this chapter; (b) any bona fide third-party purchaser; (c) a person appointed as a receiver and issued, or assigned, a Receiver's Certificate under 65 ILCS 5/11-31-2 or 765 ILCS 605/14.5 who becomes an owner due to the foreclosure on the Receiver's Certificate; (d) an owner who will occupy the rental unit as the person's principal residence; (e) a bona fide not-for-profit in existence continuously for a period of five years immediately prior to becoming the owner of the rental unit and whose purpose is to provide financing for the purchase or rehabilitation of affordable housing. (Added Coun. J. 7-21-21, p. 32835, § 2)