The Security Deposit May Require You to Pay Interest in Some

The Security Deposit May Require You to Pay Interest in Some California Cities

 

California laws do not require you to pay interest to your tenant earned with the security deposit.

Yet, 15 rent control cities require landlords to pay interest on security deposits to their tenants. But, only three of them specify the interest rate:

• Los Angeles;
• San Francisco; and
• West Hollywood.