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Updated about 8 years ago on . Most recent reply

Johnny Fullerton's profile image
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Johnny Fullerton
  • Investor
  • from Cambridge, Massachusetts
  • Member since Apr 4, 2017
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Johnny Fullerton's profile image
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Johnny Fullerton
  • Investor
  • from Cambridge, Massachusetts
  • Member since Apr 4, 2017
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Johnny Fullerton
  • Investor
  • Cambridge, MA
2
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13
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General Landlording & Rental Properties

Security deposit in Massachusetts

Johnny Fullerton
  • Investor
  • Cambridge, MA
Posted
I thought through all my readings I came to the conclusion that in MA you needed to have the tenants security deposits interest-bearing account, but my real estate agent said it isn't required. Any input helps thank you
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Rob L.'s profile image
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Rob L.
  • from Haverhill, Massachusetts
  • Member since Feb 13, 2009
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Rob L.
  • from Haverhill, Massachusetts
  • Member since Feb 13, 2009
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Rob L.
  • Haverhill, MA
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Rob L.
  • Haverhill, MA
Replied

You may want to show them this link so they stop giving incorrect information. 

"Because a security deposit is your money and because if you had it, it could be earning interest in a bank, you are entitled to earn interest on it."

https://www.masslegalhelp.org/housing/legal-tactic...

  • Rob L.
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