In addition to the RLTO Summary, when you receive your rental agreement, renewal, or oral lease, you must receive an official, 2 page “Separate Summary” containing security deposit rights and listing the current and previous two (2) years security deposit interest rates in Chicago.
Even if the Tenant didn’t pay a security deposit, the Separate Summary shall be given, whether it’s a new lease, a renewal, or an oral lease. You must get BOTH summaries, with the city seal.
Landlords use their own forms and may be writing their own interpretation of the law, thus omitting important sections that outline RLTO rights in the Separate Summary.
Tenants whose Landlords violate this section may legally terminate their lease and recover $100.00 pursuant to RLTO Section 5-12-170.
