Okay folks, the interest rate for security deposits on properties covered by the State of Illinois Security Deposit Interest Act (generally, 25 or more units) for 2011 is 0.195%.
Once again, this rate is greater than the Chicago rate, so Chicago landlords governed by both the Illinois Security Deposit Interest Act and the Chicago Residential Landlord Tenant Ordinance should use the Illinois rate for 2011 rentals.
No comments:
Post a Comment