The rent’s due soon, and maybe you’re dreaming of moving into a new spot. Now’s the perfect time to check on your unit and ensure it's in top condition.
What Is a Security Deposit?
A security deposit is held by your landlord to cover potential damage. Your security deposit can also be withheld due to unpaid rent charges. Landlords must return whatever is left of your security deposit within 45 days of when you move out.
A security deposit is different from a move-in fee. Move-in fees are non-refundable, with the intention that your landlord will fix the unit after you leave.
Here are some tips to help get your full security deposit back.
Move-In
- Always take pictures and videos of your unit to document damage that may already exist.
- Landlords in Chicago should provide a signed and dated receipt of your security deposit.
While Living in Your Unit
- Stay up to date on maintenance. If something gets damaged or stops working, make sure to get it fixed as soon as the issue arises.
- Abide by the rules of your lease. Note rules regarding pets, painting, and leaving furniture behind.
Move-Out
- Clean your whole unit, removing all garbage and unwanted items from inside as well as wiping down surfaces and sweeping the floor.
- Provide your landlord with your new address so they can get you your itemized statement and security deposit.
- Landlords must give an itemized receipt detailing the costs of repairs 30 days after you vacate your unit.
- Landlords must pay interest of 0.01% each year on security deposits.
What Happens If You Don’t Get Your Deposit Back?
If your security deposit isn’t returned and you feel it should be, you can send a security deposit demand letter to the landlord. If you don’t hear a response or your demands are not reached, you can sue the landlord in small claims court.
