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Real Estate
Reply to "Security deposit - should I be worried?"
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[quote=Anonymous]I thought the landlord was supposed to put the deposit in an interest bearing account and give the tenant the security deposit + interest earned at the end of the tenancy. If there is damage, the landlord gives the tenant the security deposit + interest - cost of repairs and in itemized receipt. FWIW, the interest that's accumulated on the ($500) security deposit my tenants pay has always been pretty small. I think for the last tenant (who stayed 2-3 years) it was around $5.[/quote]
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