Massachusetts has a number of the strictest security deposit laws in the country. Landlords that take security deposits in Massachusetts must strictly keep to the laws or face the potential of having to pay thousands in damages. Due to the complexity with the security deposits laws, it is usually advisable for landlords Never to take security deposits, unless they are 100% certain they could stick to the law. – Boston Security Deposit law
If you�re a landlord, you ought to consult an attorney before ever having a security deposit. Again, taking a security deposit is a mine field of potential issues, any one which could bring about you paying your tenant multiple damages, including his/her attorney fees.
Being a tenant, in case your landlord does not keep to the strict regulations, I’m able to enable you to collect what is rightfully due to you. I first pursue the most cost-effective method of demanding payment from your landlord. If necessary, I can file a lawsuit to obtain your money returned.
If your landlord needs a security deposit, a number of the requirements are:
1. Provide you with a written receipt for the money received.
2. Offer you a second receipt that tells you the name and location of the bank and the account number.
3. The owner should also pay you interest Annually on your own security deposit.
4. The landlord must hand back the cash within 1 month when you leave.
5. The landlord must offer you a �statement of condition� for that apartment
Case a specimen of the requirements a Landlord is required to follow. In the event the landlord has not followed these steps, you might be eligible for multiple damages from your landlord, including any attorney fees that. Call Massachusetts landlord tenant attorney, Patrick kBull to learn more – Boston Security Deposit law
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