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Posted by Anna on May 19, 1999 at 19:44:40:

In Reply to: Security Deposit -- Interest Bearing Required? posted by Steven on May 17, 1999 at 15:55:20:

: Simple question: Must a landlord deposit a security deposit in an interest-bearing account, or only in a 'separate' account which need not pay any interest at all?

: Thank you.

: Steven

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You gave no location: the answer depends on where (city/state) the rental is. Several states are covered by answers in these message archives, including NYS. The NYS laws are outlined in the two Tenants Rights booklets linked thru the homepage of TenantNet, click below.

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Comments:
: : Simple question: Must a landlord deposit a security deposit in an interest-bearing account, or only in a 'separate' account which need not pay any interest at all?

: : Thank you.

: : Steven

: ********

: You gave no location: the answer depends on where (city/state) the rental is.  Several states are covered by answers in these message archives, including NYS. The NYS laws are outlined in the two Tenants Rights booklets linked thru the homepage of TenantNet, click below.


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