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Posted by TenantNet on January 31, 1998 at 11:02:54:

In Reply to: Re: I LIVE UPSTAIRS FROM "SATAN" AND NEED HELP BADLY!!!!!!!!!!!!!! posted by gobinet on January 29, 1998 at 00:48:50:

: She must keep your security deposit in a seperate interest-earning account and
: she must furnish you proof of this or she is in serious violation as a
: landlord and she can be reported (tell her you need the bank's statement
: of interest on this account to report on your taxes since the interest
: is your earned income). I am not a lawyer..I just know this fact.
: Best wishes to you and your family.

Haven't checked recently, but there's a fact sheet on security deposit
requirements in the CTRC section on the web page. Not all deposits are
required to be kept in a bank account. It depends on jurisdiction and
size of building. As for getting the money back, some tenants just
avoid paying the last month's rent, thereby putting the shoe on
the other foot. Even if leases prohibit this, I think the owner
would still have to prove physical damages, assuming the deposit
covered the last month.

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Comments:
: : She must keep your security deposit in a seperate interest-earning account and 
: : she must furnish you proof of this or she is in serious violation as a
: : landlord and she can be reported (tell her you need the bank's statement
: : of interest on this account to report on your taxes since the interest 
: : is your earned income). I am not a lawyer..I just know this fact. 
: : Best wishes to you and your family.

: Haven't checked recently, but there's a fact sheet on security deposit
: requirements in the CTRC section on the web page. Not all deposits are
: required to be kept in a bank account. It depends on jurisdiction and
: size of building. As for getting the money back, some tenants just
: avoid paying the last month's rent, thereby putting the shoe on
: the other foot. Even if leases prohibit this, I think the owner
: would still have to prove physical damages, assuming the deposit
: covered the last month.


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