Legal Question in Landlord & Tenant Law in Oregon
landlord/tenants rights
Does the state of Oregon in a landlord/ Tenant contract, allow for the landlord to give not only the security deposit back but also the interest due, that the security deposit has accured on it and was put into a separite account ,for the security deposit?
Asked on 4/11/09, 7:21 pm
1 Answer from Attorneys
Susan Burns
Law Office of Susan Ford Burns
Re: landlord/tenants rights
Under Oregon law, a landlord is not required to pay interest on a security deposit. There is no interest "due". Unless the landlord has a real estate license (broker or property manager), the landlord is not required to keep the money in any particular location (like a trust account). Even then, any interest goes to a special housing fund, not the broker and not the owner or tenant.
Answered on 4/16/09, 2:55 pm
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