Security deposit - should I be worried?

[Anonymous]

I wouldn't worry. He's probably out of town or hasn't had a chance to document everything. If he has 45 days, notice you can do.

[Anonymous]

In DC, you pay the interest earned. We keep the deposit in a separate interest bearing savings account and return to the tenant what interest it earned.

I just checked that account, our tenants have been in 7 years. The interest seems to be accruing currently at the rate of $0.05/month. They have earned $7.59 on their deposit in the last 7 years. I think we looked into whether we could at least put it in a money market account and that was not allowed by the rules.

[Anonymous]

No interest for security deposit, if you don't agree, I have another 20 potential tenants in line. Next plz

[Anonymous]

VA landlords with fewer than 4 rental properties are except from the Landlord Tenant Act, so they are not required to pay interest. If the lease opts into VLTRA, then they have to pay.