Legal Question in Real Estate Law in Illinois
security deposit
I would like to know is it legal for the landlord to attached the rent increase to the security deposit? Meaning everytime I pay the rent increase i have to pay into my security.
Asked on 7/22/02, 8:57 am
2 Answers from Attorneys
Jay Pollak
The Pollak Law Firm, LLC
Re: security deposit
Its legal if the written lease says he can increase the security deposit with every rent increase...otherwise its not. Also if every rent increase is embodied in a new lease and the lease calls for a higher security deposit... and you sign it than again its legal
Answered on 7/22/02, 9:53 am
Charles Dobra
Charles Wm. Dobra, Ltd.
Re: security deposit
Actually, this is a rather normal practice. In some cases, i.e., if the security deposit is not "tied" to the amount of the rent, then it really should not be increased.
Answered on 7/22/02, 8:59 pm