Chicago’s 2024 Security Deposit Interest Law: A Guide For Landlords And Tenants

Chicago passed a new ordinance in 2021 that requires landlords to pay interest on security deposits. This law is intended to help tenants save money and make it easier for them to move into new apartments. However, there are some important things that landlords and tenants need to know about this law. For years, tenants … Read more

Probate In Illinois: Understanding When It’s Necessary

Understanding Probate in Illinois: When It’s Necessary Probate is a legal process that distributes assets of someone who has passed away, known as the decedent. When someone passes away, their assets must be legally distributed to the deceased’s beneficiaries. This can be done through a process called probate. Probate can be a complicated and time-consuming … Read more

Chicago Security Deposit Interest Rate: Legal Requirements And Current Rates

Chicago Security Deposit Interest Rate: Legal Requirements And Current Rates Landlords are required to pay interest on security deposits Paying a security deposit is a standard practice when you are renting a property in Chicago. The security deposit serves as a form of protection for the landlord in case of any damages or unpaid rent … Read more

Chicago Landlord Tenant Ordinance 2023: A Comprehensive Guide For Renters And Landlords

Chicago Landlord Tenant Ordinance 2023 is a comprehensive guide for both renters and landlords that provides clear and concise information about their respective rights and obligations under the law. This ordinance aims to protect the rights of both parties and ensure fair and equitable treatment in landlord-tenant relationships. Understanding the provisions of this ordinance is … Read more