Illinois Security deposit limit

Related Illinois rules

Deposit return deadline

To withhold for damage: send an itemized statement with costs within 30 days after the tenant vacates (paid receipts within 30 days if estimates were used). With no statement, return the full deposit within 45 days of move-out. Bad faith can cost twice the deposit.

Verified Source: 765 ILCS 710/1 · last checked 2026-10-15 · Full Illinois deposit return deadline page

Interest on deposits

A landlord of 25 or more units in a building or contiguous complex who holds a deposit must pay interest at a rate tied to the largest Illinois bank's passbook savings rate. Interest of $5 or more is paid in cash or credited to rent within 30 days after each 12-month period; all unpaid interest is due when the tenancy ends. Willful failure makes the landlord liable for an amount equal to the deposit plus costs and attorney's fees.

Verified Source: 765 ILCS 715/1, 715/2 · last checked 2026-10-23 · Full Illinois interest on deposits page

Move-in/move-out checklist

No state statute requiring a move-in inspection or checklist was found in 765 ILCS 705, 710, 715, 721 and 750.

Verified Source: 765 ILCS 705, 710, 715, 721 and 750 · last checked 2026-10-22 · Full Illinois move-in/move-out checklist page