Does landlord have to pay me accured interest on my security deposit of $2080, paid 6/1/2001; (18 1/2) years. Where can I find law ?
- Glenn SLv 73 weeks ago
Depends on the state you are in and the requirements in the lease agreement.
These states requires the Landlord to pay interest on security deposits:
- Landlord365Lv 53 weeks ago
That is not required by law in all states. You have to check if that is indeed the law were you live or not. Google the landlord/ tenant laws for your location.
- R PLv 73 weeks ago
You'll need to google and read the landlord/tenant laws for your area since that is location-specific.
- 3 weeks ago
That will depend on where you are.
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- MaxiLv 73 weeks ago
That depends on where in the world you live
- SimplytheFACTSLv 73 weeks ago
that varies based on state law.....if law requires it, likely about $20/year.....IN MY STATE, IN MOST CASES IT IS LEGALLY REQUIRED TO PUT THE DEPOSIT IN AN INTEREST BEARING ACCOUNT....that may be a 1% interest rate.....
- Wayne ZLv 73 weeks ago
What state are you in?
Landlord-tenant laws are determined by the state.
In my state, Minnesota, a landlord must pay simple interest.
- realtor.sailorLv 73 weeks ago
It depends on the state. Google "landlord tenant laws" and your state's name for details.
- Anonymous3 weeks ago
NO, you don't not get to collect interest on your security deposit. Be happy if you get any of it back.
- PLv 73 weeks ago
Short answer is no, landlord doesn't have to pay interest.