Property Management
In Illinois, a residential landlord who wrongfully withholds all or part of a security deposit may be liable for:
AThe full security deposit amount only
BDouble the withheld amount plus attorneys' fees (under the Chicago RLTO) or penalties under state law✓ Correct
CA fine paid to the state of Illinois
DOnly the interest on the withheld amount
Explanation
Under the Chicago RLTO, a landlord who wrongfully withholds a security deposit may be liable for twice the wrongfully withheld amount plus reasonable attorney fees. Illinois state law also provides tenant remedies, though specific penalties may differ. These provisions incentivize landlords to return deposits properly.
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