Legal Question in Landlord & Tenant Law in Pennsylvania
Security Deposit
A tennant of 4 years has indicated he wishes to renew for an additional 6 month perid. He states that he is due the return of his security deposit since he has resided in the premises for more than one year.
Is this a Pennsylvania requirement/law?
Your assistance is greatly appreciated.
2 Answers from Attorneys
Re: Security Deposit
In addition to what Atty. Johns said, you would have to have disclosed to the tenant the name of the bank where his security deposit is being kept. You need not give back the security deposit+interest until the person surrenders the apartment, but you must do it within 30 days of surrender.
Re: Security Deposit
After the first year a landlord may only keep one month's security. After the second year the landlord must keep the security deposit in an interest bearing account on behalf of the tennant and upon surrender return it along with the interest.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
