IL SB2333

Amends the Security Deposit Return Act to require lessors of residential properties with 5 or more units to provide paid receipts for the depreciated value of damage if damage is beyond repair and not replaced, in addition to repair or replacement receipts.

Defines "the date that the lessee vacated the premises" as the date when the lessee's right to possess and occupy the premises expires under the lease or applicable law.

Exempts tenancies at sufferance and leases terminated for cause by the lessor from the security deposit withholding requirements of this Section.

Maintains existing requirements that lessors furnish an itemized damage statement within 30 days of lease vacation, and return the full security deposit within 45 days if no statement and receipts are provided.

Provides that lessors found in court to have refused or supplied in bad faith an itemized statement and failed to return deposits on time are liable for twice the security deposit amount plus court costs and reasonable attorney's fees.