Action Alert: Save Renters’ Security Deposits!

Last updated: May 19, 2010 – 1:36 PM

*UPDATE* The subcommittee meeting has been rescheduled for Wednesday, June 16th at 10am at City Hall. Meet on the 2nd floor.

*UPDATE* MTO has learned that the subcommittee meeting scheduled for Monday has been canceled. Check back soon for updates.

On Monday, May 24th, at 10am, Alderman Shiller’s newly formed subcommittee will be hearing testimony from landlords and tenants regarding the two amendments that were considered at the Building Committee meeting in April. The subcommittee meeting will be held at City Hall, on the 2nd floor, in room 201A.

The first amendment, proposed by Alderman Stone, would circumvent the current penalties landlords face for not paying security deposit or interest back to the tenant. If this amendment were to pass, landlords would face absolutely NO penalties for violating the all the security deposit laws set forth in the Residential Landlord Tenant Ordinance. Once the landlord has violated their tenants’ rights, then the tenants would be required to remind their landlord that their rights have indeed been violated – in writing, and only then could the tenant even consider pursuing other legal remedies.

The second amendment, proposed by Alderman Shiller, allows landlords who miscalculate interest to be given a second chance to correct the problem before facing legal penalties. This amendment would protect landlords who make innocent mistakes from frivolous lawsuits while simultaneously keeping loopholes closed for bad landlords who intentionally violate their tenants’ right to their own money. MTO is in support of Alderman Shiller’s amendment. Alderman Stone’s amendment does not differentiate between good landlord and bad landlords.

There are more tenants than landlords in the city of Chicago and on May 24th, we want the Alderman on this subcommittee to hear tenant voices. MTO is looking for renters to testify about their rental experiences to this subcommittee. If you want to speak out or have your story told, please contact Loreen Targos at 773.292.4980 x 231 or by email at