Illinois SB3363 mandates transparency in rental fees and prohibits certain insurance requirements for tenants.
Illinois SB3363 amends the Landlord and Tenant Act to ensure transparency in rental fees. It requires all recurring nonoptional fees to be clearly stated on property listings, accompanying links, and the first page of lease agreements. One-time nonoptional fees must also be detailed on the first page of the lease. If fees are not explicitly included, landlords cannot charge them, and tenants are not liable. The bill also prohibits landlords from requiring tenants to obtain insurance for common area damages.
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