Legal Question in Real Estate Law in Illinois

Contract for deed
I paid 1250 security deposit for a rental. That lease would have been up on Sept.30th. In June me and the landlord did a contract for deed on the house where we did a seperate contract and I paid what was due on that. I am expecting my security deposit back from the original rental and he is saying that it's like earnest money that he'll give it back to me at the end when I go in for the home loan - up to 3 years from now.

Asked on 10/17/08, 4:19 pm

2 Answers from Attorneys

Nicholas Chrisos Nicholas G. Chrisos Attorney at Law

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Re: Contract for deed

I'm not sure what your question is, but it seems that you're asking me if the landlord acted properly. The answer is that it all depends on what the agreement ("contract for deed") says. Without seeing that, it's impossible to know if the landlord acted properly.

Please understand that this reply is being posted for informational purposes only and is not intended to be legal advice. Legal advice can only be given after reviewing all the facts of your individual case and is only provided to clients of the firm after a review of all necessary documents. This communication is not intended to create a lawyer/client relationship and I specifically state to you that you are not a client of the firm.

Answered on 10/21/08, 11:49 am

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