Spring 25 OP Newsletter

RENTAL RESOURCES The Village’s new Rental Property Registrations Ordinance went into effect January 1, 2025. Per the Ordinance, Rental Licenses shall be capped at 10% of the existing dwelling units in any Census Block, as defined by the United States Census Bureau, regardless of housing type (whether detached, attached or multi-family). Exemptions to the cap include the following, though subject to the licensing requirement: • Dwelling units developed and approved through the Village’s development approval process as rental units. • Dwelling units owned and rented by individuals on active military duty. • Dwelling units owned and rented for no less than five months and no more than six months by “snowbird” residents who temporarily reside elsewhere. Additionally, please be advised that no person, corporation or business entity can rent a Dwelling Unit to the public unless a valid and current Residential Rental License has been issued by the Village Clerk for the specific location. Any landlord found in violation of the Rental Property Registration Regulations will, in addition to any applicable and assessed fines ranging from $250 - $1,000 per day for non compliance, be prohibited from applying for any rental license in the Village for a period of one year. Furthermore, a designated owner’s agent may be responsible for no more than eight dwelling units unless the rental units are part of a rental-only development that was approved as a rental development by the Village Board of Trustees. For the purposes of an emergency response to a residential rental property, the owner or owner’s designated agent must be located within 15 miles of the Village corporate limits for building and tenant emergencies. The owner or owner’s agent must be physically present at any time that an unleased dwelling unit is accessed by potential lessees. The Village has an online GIS map listing the number of rental licenses available in every census block. A landlord with an active rental license may continue to rent their unit, even in a block that currently does not have rental licenses available. However, no new rental licenses will be granted for that block, until such time that a rental license becomes available. Rental licenses are not transferable - a unit with a current license is not guaranteed a new license once sold to a new owner, and your license cannot be transferred to any other physical address within the Village. Any resident interested in purchasing an investment rental property is advised to consult the online GIS map or call the Village to verify that a rental license is available for the census block where the dwelling unit is located.

| Spring 2025 | orlandpark.org

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