how much intrest do you get on a 750 dollar last months rent when you move out after 4 years?

Answer 1

None, no interest earned at all.

Answer 2

Actually, they are required to pay interest. You need to find out the interest rate to know how much, though.

Landlords in most states are required to put your deposit into an interest bearing account. These accounts compound daily -- so four years is 1461 days. The daily rate is the stated rate divided by 360. To find the amount you are owed, use the following formula:

Amount = 750*(1+i/360)^1461

Here, 'i' is the annual rate.

If it is 3%, then you should get back: $847.10

If it is 4%, then you should get back: $882.18

Answer 3

Unless you live in a state which requires landlords pay interest on deposits, the answer is almost certainly ZERO.

A few states, and a very few cities, do require landlords to pay interest on deposits. The amounts are generally quite small.

As others have mentioned, check your lease agreement -- if you are due any interest, the interest rate will be listed in the lease agreement or possibly in a separate security deposit agreement if that paperwork was done separately from the lease itself.

Answer 4

Interest is normally paid on a deposit, not on rent.

Your lease should specify the interest rate and where your deposit is being held. Call up that bank and ask.

Even at 2%, you may be entitled to $50 or $60 dollars by now.

In many places, even if your landlord did not deposit the money in an interest bearing account ... you are still entitled to interest.

Answer 5

If properly invested at 10% a year, compounding interest wouldl yield you $1100, so $350 profit.
But, to get 10% may not be the easy, so at 7.5%, you are at $1000, so $250 profit.

Answer 6

well if 750 was yur security deposit. you wont get that back usually just half of if it. and they use what u put down to fix up what was broken or messed up in the apartment. and im sure there are things that need fixing if u lived there for 4 years. yur only human

Answer 7

This likely depends on the state you are in, but I have never received any interest from lease deposits in both Virginia and North Carolina.

Answer 8

Every year you should have gotten a rebate interest cheque from the company you are renting from, because it is your money in a holding pattern. If you have not been getting the cheques, look further into the matter of why not.

Answer 9

Usually there is no interest. Make sure everything is in good order, or they will deduct from your deposit. Read your lease carefully before moving and make sure to provide receipts for anything requested, such as carpet cleaning or chimney sweeping.

Answer 10

Read your lease and figure it out. For anyone to know the answer to this question they would have to know what rate of interest is stated in the lease.

Answer 11

Sorry, but that money wasn't put into anything to give you any benefit. Would have been nice. But, just ot make positively sure, check your lease and ask you manager. Good luck!