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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]
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?"
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.
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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