Anonymous

In California Do Tenants Get Interest On Security Deposit?

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Anonymous Profile
Anonymous answered
Yes you do get interest. Go to renters rights in the search. Starts same as a bank.
1990-91-92--4% 1993-2.90 94--2.50 95- 2.80 96-3.10 97- 2.80 98- 2.60 99- 2.30 2000-2.20
01--2.40 02-thur-08---1.50
It's your money drawing interest not theres. Figures I gave you came off off - landlord & tennant laws.
Anonymous Profile
Anonymous answered
Yes if it is under a rent controlled lease which 90025 is. The housing authority has a list of the interest rates the landlord is lawfully required to pay you, it can go from under 1% to 5% depending on different circumstances which I do not know.
Anonymous Profile
Anonymous answered
It is illegal for a landlord to deposit funds for security deposit and get interest.  No, Tenants do get them either
Aisha Profile
Aisha answered
Interest is paid on the deposit In California, except for a few cities such as Berkeley where the landlord is not required to pay interest on a tenant's security deposit. The rate varies however on an annual or semi-annual basis.
thanked the writer.
Anonymous
Anonymous commented
Quite the opposite!!! In CA, landlords are NOT obligated to interest on security deposits except in San Fran, Berkeley and Santa Monica.
Anonymous
Anonymous commented
Quite the opposite!!! In CA, landlords are NOT obligated to pay interest on security deposits except in San Francisco, Berkeley and Santa Monica.

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