2018 Chicago Security Deposit Interest Rate Released

The more things change…

The City of Chicago holds the interest rate steady for a fourth year at .01%.

If any Chicago landlords governed by the CRLTO are still taking security deposits, this is the rate of interest that must be paid.  Don’t forget to attach the security deposit interest rate disclosure to the rental agreement even if there is no deposit!

About Richard Magnone

Co-founding member of Reda | Ciprian | Magnone, LLC, attorney at law and Illinois licensed lawyer since 1996.
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