In the City of Chicago, lessors who demand and accept a security deposit from a lessee in a residential rental agreement have a legal obligation to hold that deposit in an interest yielding savings ...

Rent a Chicago apartment and you used to expect to have to pay a security deposit: an amount, often equivalent to a month’s rent, to be handed over to the landlord as insurance you wouldn’t damage the ...

In recent years, a growing number of landlords have opted to forgo traditional security deposits, a trend driven by evolving tenant expectations and changing legal landscapes. This shift is reshaping ...

Security deposits show landlords that renters are willing to comply with their leases and take care of their rental property. By law, security deposits serve as insurance for the property owner, but ...

Depending on where you live, you might have to pay several thousand dollars for a security deposit to rent a home or apartment. The average security deposit is about one month’s rent, according to ...

Landlords are allowed to raise the security deposit each time you renew your lease, but only within the bounds of the law. By Jill Terreri Ramos Q: I live in a rent-stabilized apartment in Bay Ridge, ...

The rental market has been transformed due to the Florida real estate boom. City renters in Miami, Tampa, Orlando, and Jacksonville are moving more frequently than ever, with apartments filling up ...