Realty Bites

Interest on a Last Month Rent

Interest of 5% must be paid to the tenant either on the anniversary date of the tenancy or on a pro-rata basis, even if the tenancy ends before one year.

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Interest on Security Deposits

Did you know that a landlord is not obligated to pay interest on a security deposit if the tenant has not resided on the premises for at least one year?…

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Deductions From Security Deposit

Upon termination of the tenancy, a Landlord must return the security deposit or adjusted balance within thirty (30) days of the tenant’s vacating the apartment, and deductions can only be…

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What is an Appraiser?

An appraiser is one who compiles and analyzes voluminous data of problematical accuracy from sources of dubious veracity and derives therefrom a numerical quantification of unquestionable necessity, analogous to a…

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