Legal Question in Landlord & Tenant Law in California
I'm still a bit confused about Security Deposits. No Bank in Los Angeles pays 5% interest. Are Landlords still required to pay that amount for Security Deposits?
Asked on 1/17/16, 12:26 pm
1 Answer from Attorneys
Only in rent controlled buildings under the City of Los Angeles Rent Stabilization Ordinance, and only starting after the tenant has been in the unit 12 months. No, it's not fair with current interest rates, but it is the law.
Answered on 1/17/16, 5:02 pm
Related Questions & Answers
-
How long do the landlords have to fix a septic problem at my rental home? Asked 1/14/16, 4:57 pm in United States California Landlord & Tenants
-
I am renting from a homeowner who sold the house while I was out of town. My... Asked 1/05/16, 12:42 pm in United States California Landlord & Tenants
-
Does the landlord have to give a reason when they request a tenant to move Asked 12/31/15, 8:55 am in United States California Landlord & Tenants
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
