In the City of Chicago, lessors who demand and accept a security deposit from a lessee in a residential rental agreement have a legal obligation to hold that deposit in an interest yielding savings ...
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Why some landlords skip security deposits
In recent years, a growing number of landlords have opted to forgo traditional security deposits, a trend driven by evolving tenant expectations and changing legal landscapes. This shift is reshaping ...
Landlords are allowed to raise the security deposit each time you renew your lease, but only within the bounds of the law. By Jill Terreri Ramos Q: I live in a rent-stabilized apartment in Bay Ridge, ...
Insights into more lax legislation regarding security deposits came to light in a seemingly minor, administrative agenda item for the Santa Monica Rent Control Board. At the end of the board’s August ...
Rent a Chicago apartment and you used to expect to have to pay a security deposit: an amount, often equivalent to a month’s rent, to be handed over to the landlord as insurance you wouldn’t damage the ...
The rental market has been transformed due to the Florida real estate boom. City renters in Miami, Tampa, Orlando, and Jacksonville are moving more frequently than ever, with apartments filling up ...
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