2014 Chicago Security Deposit Interest Rate CRLTO released!
The Chicago Residential Landlord and Tenant Ordinance dictates that the City of Chicago must determine annually the interest rate to be paid to tenants for leases governed by 5-12-080 of the Chicago...
View Article2015 CRLTO Chicago Interest Rate on Security Deposits
The Chicago Residential Landlord and Tenant Ordinance requires that the Comptroller of the City of Chicago determine the interest rate to be paid to tenants for leases governed by 5-12-080 of the...
View Article2015 State of Illinois Security Deposit Interest Rate
The Illinois Security Deposit Interest Act requires certain landlords to make annual payments of interest on the security deposits of their residential tenants. Every year, the State of Illinois...
View ArticleChicago 2016 CRLTO Security Deposit Interest Rate
Just as in 2015, the 2016 Security Deposit Interest Rate for leases and tenancies governed by the Chicago Residential Landlord Tenant Ordinance is: 0.01% The post Chicago 2016 CRLTO Security Deposit...
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Come see our new page devoted to real estate closings in Chicago and the suburbs
Take a look at chicagoclosings.com which we intend to be our vehicle to discuss issues related to commercial and residential real estate closings in Chicagoland. The post Come see our new page devoted...
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Updates have been made to the Illinois FED Act
The Illinois Forcible Entry and Detainer Act is commonly referred to as the Eviction Act. Well, the State of Illinois has basically embodied that common parlance into an amendment to Illinois law...
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IRS releases new gift and estate tax exemptions for 2018
The IRS has announced new limits for federal estate and gift tax for 2018. Beginning January 1, 2018, the annual exclusion gift amount will increase from $14,000 per person per year to $15,000. The...
View ArticleNew policy on landlord-tenant consultations
Here at Reda | Ciprian | Magnone, LLC, we don’t represent tenants in residential eviction cases. We help residential landlords. We help lots of them. We talk to lots of them. We are usually glad to...
View ArticleChicago Releases the 2021 RLTO interest rate for security deposits
It might be unprecedented for the City of Chicago to release the CRLTO interest rate BEFORE the new year, but that is what just happened. The City of Chicago Security Deposit interest rate for those...
View Article2023 State of Illinois Security Deposit Interest Rate
The State of Illinois has released, via the Illinois Department of Financial and Professional Regulation Division of Banking, the security deposit interest rate affecting leases governed by the...
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