What requirement applies to the return of a security deposit if the property has 25 or more units?

The requirement that applies to the return of a security deposit for properties with 25 or more units is that interest must be included on the return. In Illinois, for residential leases in buildings with 25 or more units, landlords are obligated to not only return the security deposit but also to include any interest accrued on that deposit. This regulation aims to protect tenants by ensuring they receive not only their original deposit but also an additional amount that reflects the time the money was held by the landlord.

This requirement contrasts with smaller properties, where different rules may apply, and the return process may lack the same interest stipulations. Additionally, withholding the entire deposit for minor damages does not comply with Illinois law, which requires that deductions from a security deposit be reasonable and only for specific damages, not for minor wear and tear. In properties with fewer units, there may also be different regulations regarding interest and return times, highlighting the importance of understanding how the property size influences the rules regarding security deposits in Illinois.