THE BUSINESS OF REAL ESTATE

IL landlord resources

Lease preparation education in Illinois

Review the lease documents and local requirements with a qualified attorney.

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.

Illinois: Lease disclosures and receipts

Lead paint (federal, pre-1978)

No general statewide rent-receipt requirement identified; local ordinances (e.g., Chicago RLTO) may require receipts.

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