Legal Question in Real Estate Law in California
is any law in california that required to pay interest on a security deposit of an rental property?
Asked on 8/19/12, 10:08 pm
2 Answers from Attorneys
Yes, but not state-wide. Such laws are local ordinances, generally part of a rent control program. I know of no city that requires it that does not have rent control too.
Answered on 8/19/12, 11:56 pm
Anthony Roach
Law Office of Anthony A. Roach
I agree with Mr. McCormick. It is usually part of a city's rent control ordinance.
Answered on 8/20/12, 1:20 pm