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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

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Comparison Table of Laws


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