RPA Tenant Rights Blog » Landlord Legal » Laws on security deposit?

Laws on security deposit?

By admin

Does a landlord have to put the security deposit in a seperate account  even if he/she is still waiting for half of it? Mass

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Edited on: Tuesday, February 1st, 2011 9:12 am
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2 Responses to “Laws on security deposit?”

My response: (We welcome stories, examples, explanations, answers and a touch of your personality)
 

Joe

May 12th, 2011 8:40 am

Based from my experience I just keep them. Bank accounts, Old Jars, Drawers and etc. as long as its safe.

Darren from Ohio

September 8th, 2011 6:44 am

It depends if your a private owner, an LLC, etc.

If your a business entity, I think yes.

If your a private individual owner I dont think it matters as long as you return it. If you dont you have to claim it as income.

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