ExpertLaw.com Forums

Priority Reservation Deposit Agreement

Printable View

  • 02-26-2011, 12:39 PM
    Sean Sullivan
    Priority Reservation Deposit Agreement
    My question involves a condominium located in the State of: Massachusetts. In the absence of specific language relative to interest or non-interest bearing, upon the return of the deposit, should interest be paid.
  • 02-27-2011, 05:10 AM
    SChinFChin
    Re: Priority Reservation Deposit Agreement
    Quote:

    Quoting Sean Sullivan
    View Post
    My question involves a condominium located in the State of: Massachusetts. In the absence of specific language relative to interest or non-interest bearing, upon the return of the deposit, should interest be paid.

    Read this link which contains the law on "security deposits" for MA as it relates to the "one month rental deposit" and the "last months rent", and how interest is to be paid on them.

    I was a MA landlord, based on your question, I don't know if you are referring to deposits being held paid while your rental application is in process, and as far as I know, I am not aware of any interest due for that.
All times are GMT -7. The time now is 07:31 AM.
Powered by vBulletin® Version 4.2.4
Copyright © 2023 vBulletin Solutions, Inc. All rights reserved.
Copyright © 2004 - 2018 ExpertLaw.com, All Rights Reserved