Not legal advice. This is a free reference compiled from official government sources. Laws change and local details matter. Confirm every deadline with the official source or a licensed attorney before you rely on it.
Last verified: · Confidence: medium
Security deposit interest
Where the law requires interest on security deposits or prepaid rent, and when it must be paid or credited.
| Where | Rule | Deadline | Status |
|---|---|---|---|
| Massachusetts | Annual deposit interest (5% or bank rate) and statement at end of each tenancy year | Each year on the lease anniversary | verified, high confidence, checked 2026-10-20 |
| New York | Deposit interest: tenant's option to be paid annually (6+ unit buildings) | Each year on the lease anniversary | verified, medium confidence, checked 2026-10-20 |
| Massachusetts | Interest and annual statement on prepaid last month's rent | Each year on the lease anniversary | verified, high confidence, checked 2026-10-20 |
| Pennsylvania | Pay deposit interest annually on lease anniversary starting after the 2nd anniversary | Each year on the lease anniversary, starting after the 2nd anniversary | verified, high confidence, checked 2026-10-20 |
| New Jersey | Pay or credit deposit interest annually (lease anniversary or January 31) with annual notice | Each year on the lease anniversary, or every January 31 if you told the tenant in writing you use that schedule | verified, medium confidence, checked 2026-10-20 |
Other topics: Security deposit return · Deposit receipts and bank notices · Rental registration and licensing · Rental inspections and certificates · Smoke and CO alarms · Lead paint disclosure and certifications · Required tenant notices · Rent increase notice · Non-renewal and termination notice · Notice before entry · Income tax filing · Estimated tax payments · Information returns (1099s).