Re: Tenant never asks for security deposit back

Re: Tenant never asks for security deposit back by AnonymousFL on May 23, 2017 @11:43

"Under Illinois law, for properties with five or more units, a landlord must return the tenant's security deposit within 30 to 45 days after the tenant moves out -- depending on whether the tenant disputes deductions taken out of the security deposit or if an itemized statement and receipts are provided by the landlord."

It's simple. You must send either an itemized statement or the partial or entire security deposit. Send a check. If they never cash it, the money remains in your account. However, you are still obligated to hold the money. Nice Catch 22, right?

I would say after a year, it is pretty likely the check will not be cashed, but after two I think you could make a pretty good case that they abandoned the money if it ever came down to it (you might even cancel the check if you are bold)...but who knows what a court would say if you pushed it (I wouldn't push it...I would just let them have it).

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Re: Tenant never asks for security deposit back - Landlord Forum thread 352339