Updated over 7 years ago on . Most recent reply
Do I have to return the Security Deposit ?
Hello,
So I rented one of my room in my 3 bed 2 bath condo to a guy on a month to month lease in IL.
According to the law he should have given 30 days notice before vacating the property.
He vacated the property on 1 June 2018 and told me 2 hours before leaving that he is going out.
The room is vacant since then and I am already loosing a month's rent.
Question: Do I have to return the security deposit back to this Tenant ?
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#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
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#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
I've heard of IL strict deposit return protocol so either way give proper notice of intent to withhold in a timely manner.
I withhold the days of rent it took to re-rent when I receive no notice. I would notify that I am actively marketing it for rent and will only withhold what is necessary up to the notice period I should have received. Their refund would be pending. But I'm not in IL. Get advice from a LL in IL.