Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago,
Interest Paid on Security Deposits?
I'm studying for my license and ran into this paragraph on the study materials
"The landlord must return security deposits within 45 days of lease
termination; on security deposits of $50 or more, the landlord must also
pay the tenant simple interest on that deposit. The specific interest
rate varies, based on Maryland law."
Is this true? I've never heard about it before. Does anyone know how to find the appropriate interest rate is for a particular lease?