Does the security deposit returned with interest in Texas by apartment? (renting, landlord)

[dadasaheb]

Hi,

Just wanted to know if the security deposit is returned with interest in Texas by the apartment, I know that each state has it own rules for the same hence wanted to check of Texas state.
How about your experience?

[Rakin]

No they are not.

[CSD610]

I have been renting for years and have never had a landlord return a security deposit with interest.

[lonestar12]

You should feel lucky if your principal is returned, considering cleaning charges after vacating the apartment...forget the interest.

[BigDGeek]

No interest. Keep dreaming.

[HockDad]

Never. I usually got about 75% of my money returned. They always found some charges.

[dadasaheb]

Thanks for your replies. But it looks like we are discussing about getting the security deposit back, my concern was about getting interest on the security deposit.
So when you guys talk about the apartment office not returning the security deposit, when they deduct the charges they do the security deposit adjustments, so do they do only the original security deposit adjustment or do they add interest as well when doing the adjustment?
Eg. If the deposit was $100 when they do adjustment do they do like $100.13 or only $100?

[Rakin]

You do not get any interest nor do they pay any interest on your deposit or money paid.

[TurtleCreek80]

Originally Posted by dadasaheb

Thanks for your replies. But it looks like we are discussing about getting the security deposit back, my concern was about getting interest on the security deposit.
So when you guys talk about the apartment office not returning the security deposit, when they deduct the charges they do the security deposit adjustments, so do they do only the original security deposit adjustment or do they add interest as well when doing the adjustment?
Eg. If the deposit was $100 when they do adjustment do they do like $100.13 or only $100?

I will be the 7th poster to tell you, NO. You do not earn interest on your security deposit. In NYC, you do. In Texas, you don't. If the deposit is $100 and you get it all back, you get a check for $100.

[dallas_cowboy]

Originally Posted by lonestar12

you should feel lucky if your principal is returned, considering cleaning charges after vacating the apartment...forget the interest.

+1