Happy New Year to Chicago Landlords still holding security deposits! If you’ve been in this game long enough, you probably could have guessed this year’s interest rate, but, for the sake of form, here it is right from the City of Chicago:
That’s right. For Chicago landlords governed by the Chicago Residential Landlord and Tenant Ordinance. The City Department of Finance has confirmed it. We’re on a six year roll with a rate of .01%. Unfortunately, as of 1/3/22, the City of Chicago has not updated the page on security deposits nor the bilingual flyer that must be attached to 2022 leases.
Welcome to chicagoeviction.com
This website is intended to provide general information about the eviction process and general landlord information for Illinois landlords, specifically in Chicago, Cook County, Lake County and DuPage County.
This website is produced by:
Reda | Ciprian | Magnone, LLC
Attorneys at Law
8501 W. Higgins Suite 440
Chicago, IL 60631
Contact Us