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Old 01-05-2011, 06:22 PM
 
1 posts, read 498 times
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Default security depoist withdrawl

I gave my landlord a check for 1800$ for security on the 11th of august. It is now the 3rd of december and he finially took it out of my account. I was just curious if he could wait that long to withdrawl the money from me.
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Old 01-06-2011, 10:02 AM
 
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Quote:
Originally Posted by jparker151 View Post
I gave my landlord a check for 1800$ for security on the 11th of august. It is now the 3rd of december and he finially took it out of my account. I was just curious if he could wait that long to withdrawl the money from me.
The check didn't expire, so technically yes. However, by law the landlord is required to place the security deposit in an interest bearing account and provide you the name of the bank and the rate of interest on the account. By law, you earn the interest in the account over the term of your lease. If you want to get real nitpicky, you could demand upon the end of your lease, all interest you would be do had the money been deposited in a more timely fashion.
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