The interest rate must be equal to that paid on minimum deposit savings accounts by the largest commercial bank in illinois.
Illinois carpets laws tenants deposit.
According to illinois law il landlord and tenant act any lease agreement carries certain rights and responsibilities for both tenants such as the right to seek habitable housing landlords have rights too such as the right to rental payments and the right to evict if the lease terms are violated.
From chicago to carbondale renters in illinois are familiar with the wide array of issues that can arise during a given tenancy.
The chicago residential landlord tenant ordinance crlto has strict laws especially for security deposits which may be why illinois landlords are the second most likely in the country to charge a move in fee on top of a security.
Below is information that is listed by the california department of consumer affairs www dca ca gov regarding deductions on these specific items.
Charging a security deposit for carpet cleaning and painting depends on how long the tenant occupied the premises and in what condition the walls and carpet were left.
As is the case in most states leases in illinois can be written or oral.
A tenant who has lived in the property for 10 years and has caused no damage to the carpet other than wear and tear has every right to ask the landlord to replace the carpet.
Quite a few live in states that won t allow them to deduct standard carpet cleaning from the deposit.
The law in most of the rest of illinois is as follows.
5 or more units.
Others require tenants to clean the carpets before vacating.
Thankfully there are many federal state and local laws designed to govern the landlord tenant relationship in addition to the terms of your rental contract read on to learn more about illinois tenant rights laws and how they can help you.
As with most landlord tenant laws what to do varies from state to state.
If the tenant moved out because of a fire the landlord must return the security deposit within 7 days.
The landlord tenant state laws in illinois are fairly straightforward but the laws in chicago are more complex.
Some landlords charge a carpet cleaning fee and include that in their lease agreement.
4 units or less.
Illinois laws do not put a limit on the amount that can be charged as security deposit from which unpaid rent cost of repairs and charges specified in the lease may be deducted.
There are no specific rules.
The landlord must return the security deposit within 45 days after the tenants move out.
The landlord can either pay the tenant this amount or credit it toward the tenant s next month s rent.
