After 10 years, with $ 125 Security Deposit, should my rental REFUND included INTEREST more than $ 38. (shouldn't it be close to double). What is the formula ?
Thanks for your help!
2007-05-30 23:29:26 · 3 answers · asked by bereftcat 4 in Business & Finance ➔ Renting & Real Estate
You don't say where you are. In Pennsylvania, in the US, the landlord only owes 2% interest. We actually have a law, requiring the interest payment. The landlord is not a bank.
2007-05-30 23:34:38 · answer #1 · answered by regerugged 7 · 0⤊ 2⤋
I think your lucky you got any interest as I am a leasing agent and I have never seen interest added to any deposit refunds
Im in Georgia
2007-05-31 06:34:16 · answer #2 · answered by sweetgirl 4 · 0⤊ 1⤋
yes, he should pay you more than $38 interest, search up the interest rate laws in your state.
2007-05-31 06:43:32 · answer #3 · answered by Chef D 4 · 0⤊ 2⤋