security deposit recovery Reda Ciprian Magnone, LLC attorney lawyers in Chicago assisting landlords and tenants
 
 Home  Security Deposit Recovery Chicago Law Illinois Law Other Law Landlords Articles LinksAbout Us
Comparison of various security deposit return and interest laws

Law Applicability Requirements Retun Deadline Penalty
Illinois Security Deposit Return Act Residential Property of 5 or more units 30 days from date tenant vacates for landlord to personally deliver or mail to tenant's last known address a statement of damages and actual receipts or copies of receipts for repair or replacement of damaged items.  Violation must be willful. 45 days from the date tenant vacates for return of deposit in full Two times the security deposit plus court costs plus attorneys fees
Illinois Security Deposit Interest Act Residential Property of 25 or more units in a single building or contiguous complex Landlord must pay interest from the date of deposit at predetermined rate for any security deposit held for six or more months.  Violation must be willful. 30 days from the end of a 12 month period an amount equal to the security deposit plus cour costs and attorneys fees
Chicago Residential Landlord Tenant Act Chicago properties excep owner occupied properties of 6 or fewer units
 30 days from date tenant vacates for landlord to personally deliver or mail to tenant's last known address a statement of damages and actual receipts or copies of receipts for repair or replacement of damaged items.  Violation need not be willful. 45 days from the date tenant vacates for return of deposit in full Two times the security deposit plus court costs plus attorneys fees

Are you a tenant or a landlord with a question about your security deposit? Contact us:

Reda | Ciprian | Magnone, LLC
8501 W. Higgins Suite 440
Chicago, Illinois 60631
773.399.1122
fax 773.399.1144
email us

Useful Links
Comparison Table of Laws
Disclaimer:  This website is purely a public resource of general information which is intended, but not promised or guaranteed, to be correct, complete, or up-to-date. This Web site is not intended to be a source of solicitation or legal advice nor should it be the basis of legal-hiring decisions. The reader should not consider this information to be an invitation for an attorney-client relationship, should not rely on information provided herein, and should always seek the advice of competent counsel.  The owner of this website, Reda | Ciprian | Magnone, LLC, is a law firm licensed to practice only in Illinois. Furthermore, the owner of this website does not wish to represent anyone desiring representation based upon viewing this website in a state where this website fails to comply with all laws and ethical rules of that state.  In a good faith effort to comply with the rules and regulations of the various states, Reda | Ciprian | Magnone, LLC would like to inform the readers of this website that it consists of advertising and promotional materials. Reda | Ciprian | Magnone, LLC makes no representations or promises that it can obtain the same results as reported in cases on this website in other legal matters.
Copyright:  Copyright Reda | Ciprian | Magnone, LLC. All copy and images. All links to sites found herein are publicly available on the World Wide Web and are provided solely for the convenience of Web site visitors. These sites may not be sponsored by, affiliated with, or the responsibility of Reda | Ciprian | Magnone, LLC. The possession of these sites and their content and the possessors of any trademarks used by Reda | Ciprian | Magnone, LLC are not represented as a sponsor and may not be directly affiliated with Reda | Ciprian | Magnone, LLC.