Olde Schaumburg Condominium Association

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Schaumburg Residential Rental License Application

Limits on Lease Terms. No Unit shall be leased by a Unit owner for hotel or transient purposes or for a term less than six (6) months and no portion of a Unit which is less than the entire Unit shall be leased. Units may be leased, occupied or used for residential purposes only by a single family, and may not be shared or utilized by more than one family or unrelated individuals. Each occupant shall be identified in the lease.
Each lease of any one or more Units shall be in writing and a copy of every such lease, as and when executed, shall be furnished to the Board not later than the date of occupancy or ten (10) days after the lease is signed, whichever occurs first. Every lessee and occupant shall be bound by and subject to all of the obligations, under the Declaration, By-Laws, Rules and Regulations which shall be deemed incorporated in any lease executed or renewed. The failure of the Unit Owner making a lease to include these requirements and the failure of the lessee to comply therewith shall constitute a default under the lease which shall be enforceable by the Board or the Association, and the lease shall be deemed to expressly so provide.

The Unit Owner making a lease shall not be relieved by the lease or leasing of the Unit from any of the obligations in the Declaration, By-Laws, Rules and Regulations. Any failures or breaches of this provision shall be the basis for initiating any and all remedies set forth in the Declaration or allowed by law, including an action to enjoin a tenant from occupying a Unit or to seek to evict a tenant under the provisions of the Code of Civil Procedure for failure of Lessor-Owner to comply with the leasing requirements prescribed by this section or the Declaration, By-Laws, Rules and Regulations. The Board may proceed directly against a tenant at law or in equity or under Article IX of the Code of Civil Procedure for any breach by tenant or its family, guests, or invitees of the Declaration any covenants, rules, regulations or By-Laws.

Per the Village of Schaumburg- you must apply for and obtain a license prior to renting out your unit. Portions of the Village Code are below (please contact the Village of Schaumburg at 847-923-4532 with any questions):

§ 99.04 RRA LICENSE REQUIRED.

(A) No person, corporate or business entity, condominium, townhouse, or homeowners' association shall operate a rental dwelling or dwelling unit, rooming house or rooming unit, or a residential townhome or condominium association unless a valid rental/residential association operating license, referred to as an RRA license has been issued by the department of finance for the specific location, and a special use permit if required. This licensing requirement shall not apply to group homes governed by 405 Illinois Compiled Statutes 35/1 et seq., as amended, specialized living centers act, dealing with the developmentally disabled, or other similar uses governed by state or federal laws, rules or regulations.

(1) Residential Rental: No person shall rent a dwelling or dwelling unit unless a current RRA license has been issued by the department of finance for the specific location.

(B) RRA licenses shall be issued for a period of a full year unless otherwise specifically provided, and the full license fee shall be paid, unless at the time that the first application is made there are less than six (6) months in the license year remaining, in which case the fee shall be one-half (¹/₂) the annual fee prescribed herein. All licenses shall expire on December 31 next after issuance, unless previously revoked. The license shall not be transferable. Each new owner of the rental dwelling unit must obtain an RRA license.