Posted by TenantNet on January 04, 1997 at 02:22:28:
In Reply to: Re: interest on security deposits posted by scott on January 02, 1997 at 23:52:02:
: If you're rent stabilized, you can request (in writing) that your landlord
: 1) hold your rent in an interest-bearing account
: 2) provide you with the account number and interest percentage
: 3) hold interest in the account or deliver it to you annually.
: The amount of interest can be as little as 3%, of which the landlord
: is entitled to a "handling fee" of 1%, leaving just 2% for you.
Thanks for the contribution.
Security Deposits in NYC are covered in depth in CTRC Fact Sheet #6
available on the web site.
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