Security Deposit Receipt
If you're a landlord renting out an apartment governed by the Chicago Residential Landlord and Tenant Ordinance (the CRLTO), you're required to provide your tenants with a security deposit receipt containing an identification of the unit being leased, the amount of the deposit, the date it was received, and the name and signature of the owner or agent who received it. Failure to provide the tenant this simple sheet of paper can have dire and costly consequences, as explained in our Landlord’s Guide to Security Deposits. Our security deposit receipt form, if completed fully and delivered to your tenants, will protect you against costly litigation.
The CRLTO encompasses most Chicago apartments, although the most common exception extends to owner-occupied buildings of six units or less. (The types of landlords exempted from the CRLTO are identified in Chapter 5, Section 12-020, of the Chicago Municipal Code.)