Friday, July 17, 2009

City of Chicago Security Deposit Interest Rate

The security deposit interest rate for 2009 is 0.12 for the City of Chicago. Landlords - be careful and be sure to follow the Chicago Landlord Tenant Ordinance when it comes to security deposits and all other aspects of the lease and property. Failure to follow the ordinance can result in hefty penalties.

Miller Bammi LLC, a full service Chicago-based law firm, focuses on Chicago evictions, Chicago building code violations, residential and commercial closings and loan modifications, contract related matters, business formations, general litigation, estates and trusts and other areas. Contact us at admin@millerbammi.com or 312-238-9298.

Please note this is intended to give general information to the public. Although the information is generally accurate, it cannot be guaranteed and this information should not be construed as legal advice upon which a reader can rely. In all cases, please consult a lawyer before acting. This is intended to be advertising, and not solicitation, or legal advice.