2007-12-15 19:14:32 · 8 answers · asked by Curious66 1 in Business & Finance ➔ Renting & Real Estate
Absolutely not. This is not like a 7 day deposit account, it is a held security against damages, unpaid rent etc.
The landlord is only obliged to return the same amount of money as originally deposited and not it's future market value.
2007-12-18 22:32:18 · answer #1 · answered by Wine Apple 5 · 0⤊ 0⤋
Some states do require that the security deposit be held in an interest bearing account. Off hand...the only one I can think of is Massachusetts. Check your state laws to see if this applies to you.
Good Luck.
2007-12-16 01:40:02 · answer #2 · answered by LILL 7 · 0⤊ 0⤋
No your tenancy agreement will probably state that it will be held in a "non interest bearing account."
2007-12-15 21:48:07 · answer #3 · answered by Anonymous · 1⤊ 1⤋
In an ideal world yes but in reality it's another way for the landlord or agent to make money.
2007-12-15 19:18:21 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Read the contract! Ask the agent if there is one. Ask a lawyer. Which country are you in?
2007-12-15 20:44:28 · answer #5 · answered by za 7 · 0⤊ 1⤋
All such matters are subject to private agreement.
2007-12-15 19:29:13 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Only if it's written into the terms of the contract
2007-12-15 19:20:14 · answer #7 · answered by Felidae 5 · 0⤊ 1⤋
No it is not an investment
2007-12-15 19:18:04 · answer #8 · answered by Anonymous · 2⤊ 1⤋