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security deposit

Discussion in 'Commercial Landlord & Tenant Issues' started by xwill2willx, Sep 20, 2008.

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  1. xwill2willx

    xwill2willx Law Topic Starter New Member

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    In November 2001 I moved into a mobile home. I gave 2 months rent security deposit plus the first months rent. I was told that they were suppose to pay interest on my security deposit and only suppose to keep 1 months deposit by law. To this day I have never recieved any interest on my deposit and when requested to have 1 months security towards my months rent they refused. I only asked for that due to some unexpected medical bills and loss of work hours due to an injury. I live in Chicago's southeast side at Harbour Point estates. It seems that management do what they want and ignore laws. I just wish I could find someone to represent me to get this fixed. I am late with this months rent. My injury has set me back some.
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  2. jacksgal

    jacksgal Super Moderator

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    Can you post the law yor referencing? I have never heard of a Landlord being told he must pay interest on deposit. Furthermore if the Landlord was required to do so it woud be when tenant left not while still living in home/apartment
     
  3. presutin

    presutin Moderator

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    Jacks - I must disagree with you. There are such laws in many states, including mine, VA.
     
  4. jacksgal

    jacksgal Super Moderator

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    I said I was uncertain. Which is why I requested said statute posted. However under what condition does the statute allow Landlord to give said monies to tenant before departure?
     
  5. Gail_in_Georgia

    Gail_in_Georgia Moderator

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    Any interest required on security deposits is returned after the tenant vacates the rental, not during the actual lease period.
     
  6. xwill2willx

    xwill2willx Law Topic Starter New Member

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    Maybe you should look in the Illinois mobile home renters laws. You might be surprised.
     
  7. presutin

    presutin Moderator

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    Will - if you are not in public housing then take your landlord to small claims court to settle this issue. Hope this helps and good luck to you!
     

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