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Interest on Security Deposit

Posted by Nick on May 02, 2001 at 15:04:05:

I'm sure this question has been answered in the past, but thank in advance

Are landlords *required* to pay interest on security deposits of tenants?

Does this requirement, if any, differ between free market and stabilized apartments in NYC?

Is their a standard interest rate used or is their an annual rate published by a housing organization?


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