Bellwood CHAPTER 124: LICENSING OF MULTI-FAMILY DWELLINGS AND SINGLE-FAMILY DWELLING UNITS FOR RENT § 124.11
OPERATING LICENSE TERMINATES UPON SALE
Operative Text
Notwithstanding any provision contained in this chapter to the contrary, an operating license issued pursuant to this chapter shall terminate upon the sale of the multiple-family building described or single- family dwelling unit for rent in each operating license. (Ord. 03-43, passed 8-20-03; Am. Ord. 03-59, passed 11-12-03)
Under Bellwood § 124.11, any operating license issued for a multi-family building or single-family rental unit automatically comes to an end the moment that property is sold, regardless of other provisions in Chapter 124. The license does not transfer to the new owner along with the property. This means a change in ownership creates a break in the licensed status of the rental property.
Plain English — not legal advice.
Property owners and managers in Bellwood should be aware that under § 124.11, selling a licensed rental property extinguishes the operating license at the point of sale. Compliant operators who acquire a rental property through purchase typically initiate the licensing process promptly, since the prior owner's license does not carry over. Keeping track of closing timelines and coordinating with the Village of Bellwood regarding a new application helps ensure uninterrupted lawful operation.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Bellwood § 124.11 establishes that when a rental property changes hands, the existing operating license terminates automatically. Tenants living in a building or unit that has recently been sold may want to verify whether the new owner has obtained a valid operating license under Chapter 124, since operating without one may constitute a violation. Tenant-rights organizations or the Village of Bellwood's licensing office can be resources for understanding what options are available if a property appears to be operating without a current license after a sale.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 11, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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