Legal Question in Landlord & Tenant Law in New Hampshire
Security Deposit
Am I entitled to receive interest on security deposit made with landlord in New Hampshire?
1 Answer from Attorneys
Re: Security Deposit
The pertinent provision of New Hampshire law is set forth below. Just be sure that you fit the other definitions within the statute pertaining to residential tenancies:
IV. (a) A landlord who holds a security deposit for a period of one year or longer shall pay to the tenant interest on the deposit at a rate equal to the interest rate paid on regular savings accounts in the New Hampshire bank, savings and loan association, or credit union in which it is deposited, commencing from the date the landlord receives the deposit or from September 13, 1977, whichever is later. If a landlord mingles security deposits in a single account under RSA 540-A:6, II(b), the landlord shall pay the actual interest earned on such account proportionately to each tenant.
(b) Upon request, a landlord shall provide to the tenant the name of any bank, savings and loan association, or credit union where his security deposit is on deposit, the account number, the amount on deposit, and the interest rate on the deposit and shall allow the tenant to examine his security deposit records.
(c) Notwithstanding RSA 540-A:7, I, a tenant may request the interest accrued on a security deposit every 3 years, 30 days before the expiration of that year's tenancy. The landlord shall comply with the request within 15 days of the expiration of that year's tenancy.
Related Questions & Answers
-
Landlord / tenant issues what is a steppe agreement Asked 5/27/07, 5:35 pm in United States New Hampshire Landlord & Tenants