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Landlord Tenant Closing Statement to Reconcile Security Deposit Illinois Form

Landlord Tenant Closing Statement to Reconcile Security Deposit Illinois Form

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all right so 2024 we have these new uh laws that came in place we've talked a little bit about them but one that that that surprised me that that I didn't realize till a couple days into New Year is the Illinois security deposit act updated one of their uh requirements of restrictions so we talk about Cook County we talk about Chicago a lot and the the the rules you have to follow 30 days 45 different timelines and what you have to document the Illinois uh security deposit law which they've changed requirement of who that applies to and they also changed the restrictions and time frames uh to pretty much mat what the city and Co County does but now if you don't do those things there could be penalties up to two times that amount plus attorney fees so it's something that you know it's far from there's not too many attorneys are are taking uh outside of Cook County landlords uh to court but it's something to make sure that y

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