Handling of Security Deposits in Chicago

[Eric Sanders]

Hi Everyone,

Quick question on security deposits in Chicago. 

Can I combine the security deposits of different units into 1 bank account?

I understand that landlords cannot commingle security deposit funds with the assets of the landlord, and the security deposit must be kept in an FDIC insured bank account located in Illinois, but it's not clear to me if multiple security deposits can be combined into one account. Just trying to err on the side of safety

Thanks in advance,

Eric