Security deposit interest owed?!

[Shane R Smith]

Calling all Ohio landlords @ben, or someone that read legal jargon better!

I have a tenant that's claiming the we owe interest on the security deposit. It's referenced in the Ohio code.

5321.16 Procedures for security deposits.

(A) Any security deposit in excess of fifty dollars or one month's periodic rent, whichever is greater, shall bear interest on the excess at the rate of five per cent per annum if the tenant remains in possession of the premises for six months or more, and shall be computed and paid annually by the landlord to the tenant.

My interpretation of the code is that if you hold more than the one months rent in deposit you owe the 5% per annum.

She believes that it's anything over $50 she's entitled to interest.

I understand that the advice received is not necessarily legal advice. I'm just getting an idea if this is worth putting effort into or not.

@Ben Leybovich I'm in your area of Ohio. Have you ever had experience with this? 

Thanks,