Legal Question in Business Law in California
Payment of interest on residential rental security deposit
Is there a law in California that requires landlords to pay interest on rental security deposits for single family residences.
Asked on 8/04/01, 11:45 am
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Re: Payment of interest on residential rental security deposit
No statewide law that I know of.....but several cities (with or without companion rent-control ordinances) have local ordinances requiring payment of interest. These include San Francisco, Berkeley, Santa Cruz, and Santa Monica and possibly others.
Answered on 8/06/01, 9:17 pm
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