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Posts: 161
In response to
"
Does the landlord have an obligation to invest the money prudently? -- nm
"
by
Mop
Massachusetts law requires it be held in an interest-bearing account at a bank, and that the interest is paid to the tenant on an annual basis. -- nm
Posted by
znufrii
Jun 3 '22, 10:07
(No message)
Responses:
In PA it must be held in escrow and if there is interest that interest must be paid to the tenant if they've lived there for more than 2 years -- nm*
-
decline
Jun 3, 10:11
I take it that hasn't happened in this case. -- nm
-
Mop
Jun 3, 10:09
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