This past legislative session saw the passage of Senate Bill 345 and House Bill 249 which altered the amount of interest a landlord must pay on a security deposit. It is wise for landlords and tenants alike to review their leases and make sure that they are in compliance when the Bill takes effect on January 1, 2015. An attorney should assist you with the changes needed to ensure that your lease complies with the updated legislation. Do not hesitate to contact the real property attorneys at Hillman, Brown & Darrow for further information and assistance with the necessary updates before the end of the year.
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