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Old 10-02-2013, 07:35 AM
 
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Landlord operates three adjacent buildings with 1 super - will I be eligible for interest on my security deposit?
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Old 10-02-2013, 07:46 AM
 
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What is the connection between interest on your security deposit and the fact the 3 buildings share the same super?
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Old 10-02-2013, 08:36 AM
 
Location: Brooklyn New York
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No, what makes you think you are entitled to interest?
he could have 16 building, not your business.
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Old 10-02-2013, 11:09 AM
 
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Originally Posted by nightcrawler View Post
No, what makes you think you are entitled to interest?
The lRent Guidelines Board, actually:
Quote:
[SIZE=2]If the building has six or more units the landlord must pay interest, if any, on your security deposit. The owner may keep one percent of the deposit amount each year as an administrative fee. If the building has fewer than six units and the owner deposits the security in a bank, the interest also belongs to the tenant, less one percent for administration. [/SIZE]
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Old 10-02-2013, 11:11 AM
 
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Quote:
Originally Posted by OldStyleNo10 View Post
The lRent Guidelines Board, actually:
Well read what you just posted. Does your building have 6 or more units?
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Old 10-02-2013, 11:12 AM
 
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Quote:
Originally Posted by OldStyleNo10 View Post
The lRent Guidelines Board, actually:
Well does OPs building have 6 or more units?
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Old 10-02-2013, 12:11 PM
 
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Well, the OP hasn't answered yet, but I can assure you my building does. My response was more to nightcrawler: "what make you think you're entitled to interest?"
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Old 10-02-2013, 03:36 PM
 
Location: Manhattan
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Thing is, in this contrived low-interest environment, the 1% "management fee" eats up all the interest owed.
I double anyone is getting any interest on their deposit today.

In my last rental we were sent a check every year for interest.
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Old 10-02-2013, 08:46 PM
 
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I lived in a 900 and some apt building and never got interest on my security. Like KK said with interest rates so low I didn't bother to say anything.
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Old 10-06-2013, 07:28 AM
 
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I'm just curious about the notion.

No. This is related to a building with 3 units, run as a block of 3 buildings of 9 units total.
The 3 buildings only have one super between them. The landlord purchased the buildings as a "block of 3" and had recently listed then on the market as a block of 3.

Just curious only having one super for 3 buildings and running them as a single entity gives me any more rights.
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