Index
Landlord-Tenant LawMassachusetts, USA

Massachusetts General Laws Chapter 186, Section 15B: Security Deposits

Summary

One of the nation's strictest security deposit laws, requiring deposits to be held in separate interest-bearing accounts and requiring detailed documentation.

Rights & Rules

  • 01.
    Right to a receipt showing the bank name and account number where the deposit is held.
  • 02.
    Right to receive annual interest on your security deposit.
  • 03.
    Right to a 'Statement of Condition' listing all existing damages when you move in.

Penalties

  • 01.
    Automatic award of triple damages for failure to place money in a separate account or return it on time.
  • 02.
    Landlord loses the right to keep any part of the deposit for any reason if they violate the procedural rules.

Verified Citations

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