Legal Question in Landlord & Tenant Law in Massachusetts

Intrest on last months rent

I was wondering if the interest on last months rent was per month or per year. Say if it was per month on $825 it would be $41.25 a month and $495 a year or if its just $41.25 a year?


Asked on 6/13/04, 10:01 pm

1 Answer from Attorneys
Robert Trant Law Office of Robert R. Trant

Re: Intrest on last months rent

You are entitled to either 5% interest or whatever lesser amount received from the bank where the rent was held. If the last month�s rent is not held in a bank account, the landlord must pay 5 percent interest per year.

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Answered on 6/14/04, 12:20 pm


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