Chicago (RLTO) Security Deposit - Landlord Must Give Receipt
If a tenant lives in Chicago and the Chicago Residential Landlord Tenant Ordinance (RLTO) applies, the landlord needs to follow certain rules when the tenant pays a security deposit.
What kind of receipt does the landlord need to give a tenant?
The person who receives the security deposit must give the tenant a receipt that includes the following information:
- the amount of the deposit;
- the name of the landlord (if different from the person receiving the money);
- the date; and
- a description of the apartment.
What if the landlord didn't give a receipt?
When a landlord does not follow the law, the landlord is held strictly liable. A tenant may be entitled to damages (twice the security deposit + attorney's fees) when the landlord did not give the tenant a receipt. The tenant has two years to sue the landlord for the violation. The 2-year countdown starts on the day that the violation happens.
If a tenant has any questions or concerns about their security deposit, it's best to speak with the landlord or consult with a legal professional.
The above article provides information about legal issues but is not the same as legal advice. Legal advice is when a lawyer applies the law to your specific situation. The information in this article does not replace the advice or representation of a licensed attorney. Law Center for Better Housing cannot guarantee the accuracy or completeness of the information in this article and is not responsible for any consequences that may result from using it. You should consult with a licensed attorney to ensure the information in this article is appropriate for your specific situation. Using the information in this article does not create a relationship between Law Center for Better Housing and you as your attorney.