security deposits - Posted by karen

Posted by David on February 18, 2000 at 19:23:27:

Here you’re required to pay interest in the third year,and in the first two years should be in an escrow account, where you may get the interest. After the seconds year it can’t be more than 1 months rent. etc.etc. etc. varies by state not valid in alaska, hawaii or wisconsin! just kidding1

security deposits - Posted by karen

Posted by karen on February 18, 2000 at 14:24:08:

Well, I have my first renter and a security deposit check. I know I need to put the security deposit in an interest bearing account but do I need to set it up in any special way or just set up a standard savings account in my name?

Re: security deposits - Posted by Chris

Posted by Chris on February 19, 2000 at 03:10:00:

I would recommend that you go over to this link to find the landlord/tenant laws for your state. Some large cities(Chicago for one) even have there own rules.

Recommended reading is Landlording by Leigh Robinson and Every Landlords’ Legal Guide by Nolo Press.