Each year the City of Chicago Comptroller is required to review and set the rate of interest to be paid on security deposits for residential lease agreements.
From January 1, 2019 through December 31, 2019, the security deposit interest rate is set at 0.01% (unchanged since 2015).
Remember: the Chicago Residential Landlord and Tenant Ordinance (CRLTO) requires … Read More ›
On Thursday, November 19, 2018, Judge E. Kenneth Wright (presiding Judge of the First Municipal District of the Circuit Court of Cook County), issued General Order 2018-03. The order sets the dates and terms for the 2018-2019 moratorium on the enforcement of orders for possession in the forcible entry and detainer eviction cases in Cook … Read More ›
Pursuant to the Chicago Residential Landlord and Tenant Ordinance (CRLTO), a landlord is obligated to pay interest on monies held (for six months or more) to the tenant within 30 days after the end of each 12-month rental period by cash or credit to be applied to the rent due. For … Read More ›
As a landlord, you probably know that finding the perfect renter is just half the battle. The other half is trying to make sure that perfect renter pays on time. So, what do you – the landlord – do when you stop receiving that rent check?
Below is a quick checklist you … Read More ›