Security Deposits in Chicago

A new Illinois rental fee law takes effect January 1, 2027, bringing new disclosure requirements and restrictions on certain tenant fees. Here's what Chicago and Illinois landlords need to know—and why Chicago property owners should continue watching potential changes at the local level.

Housing affordability remains one of Chicago's greatest challenges. Rising rents, increasing operating costs, higher interest rates, and limited housing supply have made it more difficult for many residents to find quality housing that fits within their budget. Mayor Brandon Johnson's proposed housing package seeks to address many of these concerns by expanding tenant protections and increasing housing stability. Those goals are admirable, and I believe everyone can agree tha

If you're preparing to rent out a property in Chicago, one of the first decisions you'll need to make is whether to collect a security deposit or a move-in fee from your tenants. For many landlords, a security deposit seems like the obvious choice. However, Chicago's landlord-tenant regulations are among the most tenant-protective in the country, and security deposits come with significant responsibilities and compliance requirements. Owners who fail to properly handle, docum

Owning rental property in Chicago can be rewarding — but it’s also one of the easiest markets to get wrong if you don’t know what to watch for. Many landlords lose money not because of bad tenants, but because of avoidable mistakes that add up over time. If you’re managing your own rental or considering professional help, here are the most common mistakes Chicago landlords make — and how to avoid them. 1. Underestimating Chicago’s Tenant Laws Chicago’s Residential Landlord Te

At City Roots Properties, we believe strong property management is the foundation for protecting your home and helping your investment thrive. Whether you're renting out a unit or caring for the place your family calls home, understanding the essentials of property management empowers you to make confident, informed decisions. In this post, we break down the core elements of effective property management and share practical, real-world tips to help your property—and your peac

Finding the right tenants for your rental property is one of the most important steps in protecting your investment and securing steady income. Quality tenants pay on time, take care of the unit, and often stay longer—reducing costly turnover. But tenant placement isn’t as simple as posting an ad. At City Roots Properties, we specialize in helping Chicago property owners attract and keep the best renters, with a process that goes beyond the basics. Understanding Tenant Placem

For many landlords, the cost of leasing a unit can feel like a gamble. Traditional property managers often charge large upfront placement fees, regardless of how the tenancy turns out. But what if you could avoid that out-of-pocket expense and still get high-quality tenants with professional leasing support? At City Roots Properties, we believe in a better approach. Understand the Financial Burden One of the most frustrating surprises for rental property owners is the steep,