![]() Security Deposit Interest: Landlords who own 25 or more units must pay interest on deposits held for 6 months or longer. ![]() The deposit must be delivered in person or via postmarked mail. Deadline for Returning Security Deposit: The landlord must return the security deposit to the tenant within 45 days of the tenant moving out of the unit.Security Deposit Maximum: No Limit ( 765 ILCS 710/1).Chicago Residential Landlord and Tenant Ordinance.Mobile Home Landlord and Tenant Rights Act – 765 ILCS 745.Residential Tenants’ Right to Repair Act – 765 ILCS 742.Tenant Utility Payment Disclosure Act – 765 ILCS 740.Rental Property Utility Service Act – 765 ILCS 735.Property Taxes of Alien Landlords Act – 765 ILCS 725.Retaliatory Eviction Act – 765 ILCS 720.Security Deposit Interest Act – 765 ILCS 715.Security Deposit Return Act – 765 ILCS 710.Your state bar association may have a referral service that can help you find a lawyer with experience in landlord-tenant law. If you have legal questions or concerns, we recommend consulting with the appropriate government agencies and a qualified lawyer in your area. You are responsible for performing your own research and complying with all laws applicable to your unique situation. Laws and statutes are always subject to change and may vary by county or city. This article is not intended to be exhaustive or a substitute for qualified legal advice. This article will help you learn how the laws in your state handle everything from security deposits to termination notices so you can navigate these with ease. Landlords and tenants will face legal issues during the rental process, but not every issue needs to involve the courts. < Return to State Laws & Regulations Published: Friday September 13, 2019 ![]()
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