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Updated over 6 years ago on . Most recent reply

Account Closed
  • Chicago, IL
29
Votes |
88
Posts

Do I have to return the Security Deposit ?

Account Closed
  • Chicago, IL
Posted

Hello,

So I rented one of my room in my 3 bed 2 bath condo to a guy on a month to month lease in IL.

According to the law he should have given 30 days notice before vacating the property. 

He vacated the property on 1 June 2018 and told me 2 hours before leaving that he is going out. 
The room is vacant since then and I am already loosing a month's rent. 

Question: Do I have to return the security deposit back to this Tenant ?

Most Popular Reply

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10,252
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,111
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10,252
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

I've heard of IL strict deposit return protocol so either way give proper notice of intent to withhold in a timely manner.

I withhold the days of rent it took to re-rent when I receive no notice.  I would notify that I am actively marketing it for rent and will only withhold what is necessary up to the notice period I should have received. Their refund would be pending. But I'm not in IL.  Get advice from a LL in IL.

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