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| Are you a
tenant or a landlord with a
question about your security deposit? Contact us: Reda | Ciprian | Magnone, LLC 8501 W. Higgins Suite 440 Chicago, Illinois 60631 773.399.1122 fax 773.399.1144 email us CRLTO Table of Contents 5-12-010 Title Purpose Scope 5-12-020 Exclusions 5-12-030 Definitions 5-12-040 Tenant Requirements 5-12-050 Landlord Access 5-12-060 Denied of Access 5-12-070 Maintenance 5-12-080 Security Deposits 5-12-081 Interest on Deposits 5-12-082 Interest Rates 5-12-090 Owners and Agents 5-12-100 Habitability Notice 5-12-110 Tenant Remedies 5-12-120 Subleases 5-12-130 Landlord Remedies 5-12-140 Rental Agreement 5-12-150 Retaliatory Conduct 5-12-160 Occupancy Violation 5-12-170 Summary Attached 5-12-180 Attorney's Fees 5-12-190 Rights under Law 5-12-200 Severability |
Municipal
Code of Chicago Chapter 5-12 Residential Landlords and Tenants Click on an ordinance section at the left Section 5-12-082 Interest Rate Notification The city comptroller, after computing the rate of interest on security deposit governed by this chapter, shall cause the new rate of security deposit interest to be published for five consecutive business days in two or more newspapers of general circulation in the city. The mayor shall direct the appropriate city department to prepare and publish for free public distribution at government offices, libraries, schools and community organizations, a pamphlet or brochure describing the respective rights, obligations and remedies of landlords and tenants with respect to security deposits, including the new interest rate as well as the interest rate for each of the prior two years. The commissioner shall also distribute the new rate of security deposit interest, as well as the interest rate for each of the prior two years, through public service announcements to all radio and television outlets broadcasting in the city.Have an issue? If you believe your landlord has violated the obligation to make a timely return of your deposit or to pay interest on your deposit, please feel free to telephone us at 773-399-1122 for a free telephone consultation (most consultations require approximately ten to fifteen minutes) or email us. |
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