Rent a Chicago apartment and you used to expect to have to pay a security deposit: an amount, often equivalent to a month’s rent, to be handed over to the landlord as insurance you wouldn’t damage the ...
In the City of Chicago, lessors who demand and accept a security deposit from a lessee in a residential rental agreement have a legal obligation to hold that deposit in an interest yielding savings ...
State law requires most landlords to return the security deposit to a former tenant within 14 days of their exit, or explain why they won’t. That law hasn’t applied to rent-stabilized landlords, but ...
A Senate committee advanced a bill Tuesday that would give landlords more time to return security deposits.
A new civic tech application looks to help New York City tenants pressure their landlords to return security deposits when they move out, something many renters miss out on. The mobile-friendly ...
I’ve had disputes with my landlord in the past over “normal wear and tear.” But what exactly is the difference betweennormal wear and tearand actualdamageto a rental unit? July and August are busy ...
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