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Old 04-18-2016, 06:04 PM
 
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Basically all responses are correct except they fail to say LL is entitled to an administrative charge to handle the deposit. So, at this low rate of return on the funds no interest will be paid on your security deposit.
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Old 04-19-2016, 04:32 AM
 
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Originally Posted by beachking View Post
Are landlords required by law to pay interest on security deposits when tenant vacates premises, in the city of Fort Lauderdale?
In Florida they are not. The interest rates are so low you would only get about a penny a month anyway. The only rules in Florida is that they have to keep it in a separate account or somewhere securely where they do not commingle it with other funds.
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