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 ...

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 ...

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 ...

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, ...

When a lease is over, it’s not uncommon for landlords and tenants to dispute the return of the security deposit. Here is an overview of the law in this area. Colorado law requires a landlord: (a) ...

Depending on where you live, you might have to pay several thousand dollars for a security deposit to rent a home or apartment. The average security deposit is about one month’s rent, according to ...