Illinois Leasing Agent Practice Exam

The Security Deposit Return Act applies to what minimum number of units?

1. Three units

2. Five units

3. Ten units

4. Twenty units

The correct answer is: Five units

The Security Deposit Return Act in Illinois is designed to govern the handling of security deposits in residential rental agreements. This act specifically applies to landlords who own or manage residential properties that contain a minimum of five units. By establishing this threshold, the act aims to provide protections for tenants while ensuring that landlords who manage larger operations adhere to consistent practices regarding the return of security deposits. Understanding the significance of the five-unit requirement helps clarify the intent of the law: it focuses on larger rental operations where a consistent process is necessary to safeguard tenant rights and maintain fair business practices. This is why the answer indicating five units is correct, as it aligns with the stipulations set forth in the legislation.