If you’re just getting into the landlord business: A security deposit is money a new tenant pays you up front, usually to cover things like necessary repairs caused by renters or a missed rent payment ...

In recent years, a growing number of landlords have opted to forgo traditional security deposits, a trend driven by evolving tenant expectations and changing legal landscapes. This shift is reshaping ...

Rent a Chicago apartment and you used to expect to have to pay a security deposit: an amount, often equivalent to a month’s rent, to be handed over to the landlord as insurance you wouldn’t damage the ...