Index
Massachusetts General Laws Chapter 186 Section 15B
Summary
Strictly regulates the handling of security deposits, requiring they be kept in separate interest-bearing accounts.
Rights & Rules
- 01.Right to receive a written statement of condition documenting existing damage before moving in.
- 02.Right to receive annual interest on the security deposit if held for more than one year.
- 03.Right to a receipt including the bank name and account number where the deposit is held.
Penalties
- 01.Treble damages (triple the deposit amount) for failing to return the deposit or follow escrow rules.
- 02.Payment of the tenant's reasonable attorney fees and court costs.
Verified Citations
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