## Chicago Interest Rate Cap On Security Deposits: A Guide For Landlords And Tenants Security deposits are a common practice in the rental market, and they can be a significant expense for tenants. In Chicago, there is an interest rate cap on security deposits, which can save tenants money. This guide will provide an overview … Read more
Are you a tenant on edge, eagerly awaiting the return of your security deposit after vacating your rental property? The wait can be nerve-wracking, but knowing what to expect and when can ease your mind. Security deposits are intended to protect landlords from potential damages caused by tenants during their occupancy. However, state laws vary … Read more
Avoiding Landlord Penalties and Earning Interest on Illinois Security Deposits As a tenant in Illinois, understanding the rules and regulations surrounding security deposits is crucial to avoid penalties and maximize your financial benefits. This comprehensive guide provides valuable information to help you navigate the complexities of security deposits, calculate potential interest earnings, and ensure compliance … Read more
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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
