New 2016 Lease & Security Deposit Interest Rates

The Chicago residential lease has been updated for 2016 with the new security deposit interest rates. Ensure you are using the new lease, which is editable, available here. Review the new state and City of Chicago security deposit interest rates here. Please note the 2015 lease document was designed to expire at midnight on Dec. 31. This was meant to protect members from using old leases, which could cause liability to themselves and/or their clients. We have received calls from members asking how to open an executed lease that has expired. Try these tips to open an expired PDF: • Set the date of the computer back to before the PDF expired. • Another method is to disable JavaScript in the PDF viewer/reader. For Adobe Reader, go to Edit > Preferences >JavaScript and deselect the “Enable Acrobat JavaScript” box.