THE BUSINESS OF REAL ESTATE

IL landlord resources

Bookkeeping and reporting in Illinois

Track deposit liabilities, operating costs and monthly reporting.

Dataset review pending. These supplied references have not been independently verified. Educational information only, not legal, tax or financial advice.

Calvin Cannon Jr. at his desk with a Philadelphia board behind him
Calvin Cannon Jr., The Business of Real Estate. Coaching photograph, not a property in Illinois.

Illinois: Security deposits

No statutory limit on the deposit amount (Illinois AG: 'there is no legal limit').

Interest required only for buildings/complexes of 25+ units and deposits held 6 months or longer; rate published annually by IDFPR (Security Deposit Interest Act, 765 ILCS 715). No interest under state law for buildings under 25 units.

The uploaded dataset lists a deposit-return period of 45 days. Review the cited rule for the applicable conditions and timing.

Sources supplied for Illinois

Dates below are verification dates claimed in the uploaded dataset, not a new review by Calvin's team.

Offices listed in the dataset

Landlord education in Illinois