If you wish to deduct repair costs from a security deposit, the Chicago Residential Landlord Tenant Ordinance requires that you provide your tenant with a written statement describing the damage to your property that you believe they caused. You must list the actual and estimated costs of repair and provide receipts for the repairs. This must be done within 30 days after the tenant moves out.
If you list estimated costs, you have an additional 30 days to furnish the tenant with paid receipts. If no damages are being deducted, you are required to return the security deposit within 45 days after the tenant moves out. You do not have to send a statement if you are keeping the security deposit because rent is owed.
Bradford Miller Law can assist you with any tenant problem or questions you may have. Being a landlord firm, located in downtown Chicago, we have been helping clients handle many situations, including tenant evictions. If you are having a landlord tenant dispute, contact me at 312-238-9298 for a free consultation.
Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
134 N. LaSalle Street, Suite 1040
Chicago, Il 60602
312-238-9298
http://www.bradfordmillerlaw.com
Offering free legal representation to homeowners seeking a short sale
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