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Tenants sueCompass, landlord and broker over Chicago right-of-first-refusal violations
A group of tenants is putting Chicago’s controversial Northwest Side Preservation Ordinance to the test by suing their landlord, his broker and Compass for allegedly violating its terms. Residents of 2417 North Albany Avenue in the trendy Logan Square neighborhood claim their landlord, James Feeney of Traverse City, Michigan, and his broker, Stuart Schwartz of Compass, failed to properly notify them that Feeney was listing the property for sale. Under the housing preservation ordinance passed in 2024, known as the the Tenant Opportunity to Purchase Act, landlords are required to notify tenants if they plan to sell a property and […]
A group of tenants is putting Chicago’s controversial Northwest Side Preservation Ordinance to the test by suing their landlord, his broker and Compass for allegedly violating its terms. Residents of 2417 North Albany Avenue in the trendy Logan Square neighborhood claim their landlord, James Feeney of Traverse City, Michigan, and his broker, Stuart Schwartz of Compass, failed to properly notify them that Feeney was listing the property for sale. Under the housing preservation ordinance passed in 2024, known as the the Tenant Opportunity to Purchase Act, landlords are required to notify tenants if they plan to sell a property and […]
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