Legal Question in Landlord & Tenant Law in Iowa
Rental security deposit
If a landlord accepts a deposit from a tenant does he have to pay interest on it when (and, if) it is returned to the tenant? If so, what rate of interest?
Asked on 5/22/07, 11:33 pm
1 Answer from Attorneys
Regina Mullen
Legal Data Services, PLC
Re: Rental security deposit
Your state may be (very) different from the norm, but usually the answer is no. However, the deposit must be held safe.
Answered on 5/23/07, 12:44 pm
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