What can a landlord deduct from a security deposit in Illinois?
What can a landlord deduct from a security deposit in Illinois?
The landlord is only allowed to deduct money from the deposit for unpaid rent or property damage beyond ordinary wear and tear. If the landlord deducts for property damage, an itemized list, as well as the remainder of the deposit, is due within 30 days.
Do landlords have to pay interest on security deposits in Illinois?
In Chicago, all landlords must pay interest on security deposits, unless the building has 6 or less units and is owner-occupied. The landlord is required to pay interest if they have held the security deposit for 6 or more months.
How much can a landlord charge for cleaning in Illinois?
In Illinois, a landlord is allowed to charge a cleaning fee but only insofar as necessary to bring the unit to the state it was in when the tenant moved in. Beyond that, the landlord can only charge cleaning costs against the security deposit if the rental agreement allows doing so.
What is considered normal wear and tear in Illinois?
Damage in Illinois. “Normal wear and tear” refers to deterioration of the property that happens when the property is used as it was meant to be used but only when that deterioration occurs without negligence, carelessness, accident, misuse, or abuse by the tenant or the people the tenant brings there.17 sept 2021
On what grounds can a landlord withhold deposit?
The general rule is that a landlord or property manager can only withhold money from the deposit for actual damages, whether they are material or financial. This means that you can deduct money if the tenant owes you past due rent or fees or if they caused damages beyond normal wear and tear.17 jul 2020
How do I get my security deposit back in Illinois?
Under Illinois law, for properties with five or more units, a landlord must return the tenant's security deposit within 30 to 45 days after the tenant moves out—depending on whether the tenant disputes deductions taken out of the security deposit or if an itemized statement and receipts are provided by the landlord.
Can landlord charge for general cleaning?
A landlord can typically charge a tenant for cleaning needed to return the property to the condition at the time the tenant moved in. But, a landlord can not charge the tenant extra – or use the security deposit – to pay for normal wear and tear.19 oct 2021