Legal Question in Real Estate Law in California

CA Laws regarding interest paid on deposits

I would like to know what the CA law is pertaining

to interest paid on security deposits. Are they

required to do so? If not, how do we know they

have not invested it in interest building

investments? What is the best way to receive the

interest due to the leasee?


Asked on 7/02/01, 1:07 pm

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Re: CA Laws regarding interest paid on deposits

Unless there is a provision in a local rent-control or tenants'-rights ordinance where you live, you are not entitled to interest on your security deposit unless your lease specifically says so. If the lease is silent on the matter, you are not entitled to interest and the landlord can keep whatever interest she/he/it may have earned from the use of your deposit in the interim.

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Answered on 7/02/01, 4:38 pm


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