Illinois Rental Rights
Illinois Rental Rights
Illinois rental agreements can either be verbal or written. It is highly recommended that tenants enter into written legal contracts in order to protect themselves with Illinois rental rights. This article will provide a brief description of some of the most important Illinois rental rights. However, the onus is on the tenant to read through the fine print of their lease agreement to make sure that the following Illinois rental rights are not manipulated or abused in any manner whatsoever.
Security deposits – Illinois rental rights – Illinois rental rights are very favorable for the tenant when it comes to security deposit, for the following reasons. A landlord will have to hold the security deposit amount in an interest bearing account that will have to be disclosed to the tenant. The landlord must also keep this amount separate from their business or personal bank account. Upon expiry of a lease, Illinois rental rights will allow a tenant to get a full refund of the security deposit along with the accumulated interest that may have collected on the security deposit amount in the bank. Illinois rental rights will allow the tenant to get back their security deposit refunds within 45 days of vacating a property after having given sufficient notice that is in compliance with the rental agreement. If the landlord deducts certain expenses from the security deposit amount, Illinois rental rights guidelines suggest that he or she should provide a written notice with itemized expenditures or estimates within a period of 30 days.
Lease agreements – Illinois rental rights – A good lease agreement will have to clearly mention the various terms of the lease such as rent amount, duration of the lease, maintenance responsibilities and so on. While these factors can vary from landlord to landlord, there are some Illinois rental rights that will have to be maintained in any rental agreement in the state of Illinois. For example, Illinois rental rights protect the tenant against the amount of late fees that can be charged. A landlord can charge a late fee that is not greater than $10 on the first $500 of a monthly rental payment. For any amounts in excess of $500, the landlord is entitled to charge a 5% late fee on the remainder amount in addition to the $10. Illinois rental rights also require that the tenant be provided with a copy of the law handbook that relates to rental agreements.
Grounds for eviction – Illinois rental rights – Illinois rental rights will protect a tenant against sudden lockouts and retaliation from landlords. In many cases, landlords change the locks of an apartment or shut off the tenant’s utilities when they fail to pay rent or are late on rent payments. This is illegal. Illinois rental rights guidelines require that the landlord first serve an eviction notice before taking any action against tenants. Landlords will typically serve a 5 day eviction notice if the tenant has not paid rent. For violations of the rental agreements, the landlord will serve a 10 day eviction notice. Both eviction notices can be contested in a court of law if the tenant decides to enforce his or her Illinois rental rights.