Letter from Tenant to Landlord containing Notice of failure to return security deposit and demand for return - Illinois 2025

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Generally, there are no limits on how much a landlord can charge as a security deposit. Landlords usually charge one or two months rent. But, there are some exceptions: Subsidized or public housing: Landlords may only charge a deposit similar to deposits being charged by private landlords in the area.
A landlord must pay interest each year on security deposits and prepaid rent held more than six months. The rate of interest that a landlord must pay is set each year by the City Comptroller.
Your landlord can require you to pay a security deposit that may be used to cover unpaid rent, repair damages to the unit and clean the unit after you move. The amount of the security deposit is normally equal to one months rent; however, there is no legal limit on the amount your landlord can require.
What to Include in Your Demand Letter to a Landlord Quote sections of your lease agreement. Explain why you are seeking payment. Include your contact information so your landlord can reach you in case they would like to accept your demands. Include where you would like to receive payment.
Start by addressing the tenant by name and stating the purpose of the letter. Include details about the amount of the security deposit and when it needs to be paid. If returning the full deposit, state that straightforwardly, express any well wishes for the future, and include a check for the refund.
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What to Include in a Security Deposit Demand Letter the address of your rental and the dates you rented from. how much you paid for a security deposit. why you are entitled to a return of a portion or all of the deposit. the state laws that require a return of the deposit in a timely manner.
In Illinois, no specific state law dictates the exact timeframe for a landlord to charge for damages after a tenant moves out. However, landlords typically have 30 to 45 days to return the security deposit minus any deductions for damages. Its important to check local ordinances, as the timeframe may vary by locality.
Summary. In Illinois, security deposits are capped at no more than 2 months rent for unfurnished units and 3 months rent for furnished units. Landlords must return security deposits within 45 days after the lease ends. Allowable deductions include unpaid rent, late fees, and damage beyond normal wear and tear.

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