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INTERNAL PROTOTYPE — NOT LEGAL ADVICE — DO NOT SEND

Neihaus v. Maxwell, 54 Mass. App. Ct. 558 (2002)

Citation
Neihaus v. Maxwell, 54 Mass. App. Ct. 558 (2002)
Parent Document
Neihaus v. Maxwell, 54 Mass. App. Ct. 558 (2002)
Jurisdiction
Massachusetts (state)
Effective Date
2002-04-24

Full Text

702 chars
The landlord is not required to set aside the tenant’s last month’s rent or to place it in a bank account; however, he is required to pay interest on it at five per cent or any lesser rate paid by the bank, if the money is, in fact, deposited. The landlord must give the tenant an annual statement of interest earned and either remit the interest at the end of each year of tenancy or permit the tenant to deduct the interest from the next rental payment. If the tenancy is terminated before its anniversary date, the landlord must pay the accrued interest within thirty days of the termination to avoid exposure to liability for treble damages, ■ costs, and attorney’s fees. G. L. c. 186, § 15B(2)(a).