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 ?

13 Answers

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  • 3 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:

    Illinois

    New Jersey

    Connecticut

    Maryland

    Massachusetts

    Minnesota

    New Mexico

    New York

    North Dakota

    Washington State

    • SimplytheFACTS
      Lv 7
      3 weeks agoReport

      the exemptions in NJ are limited...i would reasonably guess, MOST must pay interest in those states

  • 3 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 P
    Lv 7
    3 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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  • Maxi
    Lv 7
    3 weeks ago

    That depends on where in the world you live

  • 3 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.....

    • SimplytheFACTS
      Lv 7
      3 weeks agoReport

      what  part of IN MY STATE, in MOST CASES......did you not understand?

  • 3 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.

  • 3 weeks ago

    It depends on the state.  Google "landlord tenant laws" and your state's name for details.

  • Anonymous
    3 weeks ago

    NO, you don't not get to collect interest on your security deposit. Be happy if you get any of it back.

  • P
    Lv 7
    3 weeks ago

    Short answer is no, landlord doesn't have to pay interest.   

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