Status of the Illinois security deposits

Having to rent an apartment in Illinois, landlords and tenants specific rights, you should be aware. Owner rules deposits have as regards the State guarantee deposits located in Illinois and security interest lead Act law of return of the deposit. WithholdingUnder Act, Illinois deposit back allowed landlords to keep a deposit in specific circumstances. For example, if major repairs are required, to it habitable apartment because of the damage that the previous tenants, the deposit can be used for these purpose.ReturnsTenants to expect to get back in a timely and efficient manner your deposits, after you leave the apartment. Deposit return Act, owner of the building with five units should return a tenants deposit within 45 days after the apartment vacated.InterestAccording Illinois custody Act only with specific types of property interest owners are required to make payments of interest on security deposits for their tenants. Property types are suited, interest is with deposit have include the complex with more than 25 total units.