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Updated about 1 year ago on .

User Stats

218
Posts
94
Votes
Mario Morales
94
Votes |
218
Posts

2024 Interest Rates on Deposits

Mario Morales
Posted

Before, I heard that after a certain amount of units, interest was paid on deposits. At a meetup this month I heard that all deposits, regardless of the number of units in the building, interest will be paid at  0.01% for any leases signed in 2024. I've read a few articles about it but it doesn't mention the number of units, which probably means that as long as there is a deposit, there is interest to be paid as of 2024? 

If a tenant signed a lease in 2022 and the tenant stays on in 2024, I start paying interest on 2024 and thereon?