Tuesday, January 7, 2014

Chicago sets 2014 security deposit interest rate

The city comptroller has announced a 2014 interest rate of 0.013 percent to be paid on security deposits held by landlords. This rate applies to all residential rental agreements in which the lease term begins from January 1 to December 31, 2014.

Posted by Bradford Miller Law, P.C. Real Estate Law, Landlord Tenant Law, Estate Planning 134 N. LaSalle, Suite 1040 Chicago, IL 60602 312-238-9298 http://www.bradfordmillerlaw.com

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