Common use of Security Deposit Interest Clause in Contracts

Security Deposit Interest. If a security deposit has been received by the Landlord, a disclosure of the interest to be collected on behalf of the Tenant must be mentioned. The minimum required interest rate to be received can be found on the City of Chicago’s Dept. of Housing website.

Appears in 3 contracts

Sources: Residential Lease Agreement, Residential Lease Agreement, Residential Lease Agreement