Property Ownership
The Illinois Landlord and Tenant Act provides remedies for residential tenants statewide, including the right to:
ATerminate any lease without cause with 30 days' notice
BA security deposit interest payment if the building has 25 or more units✓ Correct
CFree legal representation in eviction proceedings
DFirst right of refusal to purchase their rental unit
Explanation
The Illinois Landlord and Tenant Act (765 ILCS 720) requires landlords of buildings with 25 or more residential units to pay interest on security deposits annually. Landlords with fewer units and/or in non-RLTO municipalities are subject to statewide requirements but may have fewer obligations than under local ordinances like the Chicago RLTO.
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