How much interest should I add?

Business 2 views 1 answers
I am returning a tenant's $650 security deposit held from June 1, 1997 to January 31, 2017.

Attorney Answer

1
Leslie A. MargoliesReal Estate AttorneyBlue Bell, PA ·
if the escrow was held in an interest bearing account the interest will have been provided by the bank....if it is in a non interesting bearing escrow account there will be no interest. you should look at your lease and determine what you were obligated to do....if you did not put it in an escrow account at the bank as the law requires then you are in violation of the lease terms.
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