A Practice Note providing an overview of the Keep Chicago Renting Ordinance (KCRO) passed July 21, 2021, which replaced the prior version of the ordinance. The KCRO aims to protect Chicago residential tenants living in foreclosed rental properties. This Note covers the obligations of owners acquiring foreclosed real property with residential tenants and discusses notice requirements, the relocation assistance fee, negotiations for a new lease or replacement premises, registration, enforcement, damages, and fines for violation.