Two Times Chicago Security Deposit under RLTO 080(f)

TWO-TIMES THE SECURITY DEPOSIT UNDER CRLTO § 5-12-080 "Security Deposits"

There's more than one way a Chicago Landlord can wind up owing the Tenant damages equal to two-times the security deposit under Section 080(f). If a Landlord fails to comply with any requirement under Section 080, the Tenant is entitled to damages equal to two-times the full security deposit amount. This may be true even if the Tenant suffers no actual loss, and the Landlord's mistake was accidental. www.depositlaw.com

Some of the most popular mistakes made by Chicago Landlords that violate Section 080 include:

(a) Commingling

Putting Security Deposit into Same Account that Rent is Deposited Into.

(b) Defective Receipt

Receipt not given at same time deposit changes hands, not signed by Landlord, etc.

(c) Interest Payment

Interest not paid every 12 months, or at wrong rate.

(d) Deposit Return

Deposit not accounted for in writing or paid receipts not given for damage or repairs.

(e) Late Notice of Sale

Notice of transfer of ownership of building not given to Tenant within 10 days and in writing.

Residential Landlord and Tenant Ordinance