IL SB1741

Removes the requirement that rental property contain 5 or more units, expanding the security deposit law to apply to all residential rental properties regardless of size.

Extends the deadline for providing an itemized damage statement to the later of 30 days after the lessee vacates or 30 days after the lessee's right of possession ends.

Allows lessors to withhold amounts specified in the written lease for damage beyond normal wear and tear, provided the statement references the lease clause and includes a copy of the applicable lease portion.

Requires lessors to return the full security deposit within 45 days if they fail to furnish the itemized damage statement and receipts as required.

Permits lessors unable to produce receipts through no fault of their own to instead provide an itemized cost list, other cost evidence, and a verified statement explaining why receipts cannot be produced.