interest on security deposits

I believe if the building has fewer than six units and the owner deposits the security in a bank, the interest belongs to the tenant, less one percent for administration. So he probably owes you ah let's see. Now a bank pays about 1.5 % minus 1% for interest on a 2000 deposit. Um I think the landlord may owe you about 10 bucks in interest.

that's minus 1% for administration -sorry.

actually my bad if the landlord deposits money in a separate checking account and earns 006% interest you actually owe the landlord .004% of your security deposit. Maybe best you don't press the landlord for the interest for he can deduct admin fees from the security deposit.

Thank you!

is this assumed or written up somewhere. i had a conservation with the taxman about this and just out of interest. is this in your lease? my interest is broader than just the $10.

lupus I believe each state has a law on interest on security deposits.