Interest on Security Deposit in Sacramento

[Peter Green]

I have a tenant in Sacramento, CA requesting interest on his Security Deposit.

He claims the last property management company gave it to him.

My research has provided me with the following...

Paying interest on security deposits

There is no state law that requires payment of interest on security deposits. Rental owners are not required to pay interest on security deposits to their residents unless a local ordinance requires it. Currently there is no local ordinance in the eight-county Sacramento Valley area which requires the payment of interest on security deposits.

Does any know about Sacramento and interest plz ?

It is also not one of our rent control cities, yet...

[Nick G.]

@Peter Green Sounds like somebody's trying to pull a fast one on you. Tell them to take a hike.