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Updated over 6 years ago on . Most recent reply presented by

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6
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Sarah W Adler
  • Investor
  • Boston
3
Votes |
6
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Tenant security deposits - Massachusetts

Sarah W Adler
  • Investor
  • Boston
Posted

In Massachusetts, can a landlord commingle multiple investment property security deposits in one account, as long as that account complied with all MA laws (interest bearing, separate from landlord funds, etc)?

I have 5 investment properties and currently each security deposit is held in a separate interest bearing account. I am wondering if it complies with the law to move all 5 deposits into ONE single account, to be used only for tenant security deposits?

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