Does a california landlord have to pay interest to a tenant on the security deposit? and how much?

Question

THIS IS FOR LOS ANGELES COUNTY....

Answer 1

In all states a security deposit is supposed to be held in an interest bearing savings account. The interest usually isn't much because most of those accounts pay less than 1.25%

Answer 2

not even! I have never heard of that in California.  Many times the tenants pull the old. " I am using my deposit as my last months rent" scam!

Answer 3

Check your landlord tenant law for Cal.

But in Oregon it is illegal to use an intrest bering account. Here it has to be a regular client trust acount and no intrest.

Answer 4

no