Florida law states that if a security deposit is held in an interest bearing account, you have two options to deal with the earned interest.
The first option is for the tenant to be paid at least 75% of the annualized average rate. The second option is to pay the tenant 5% simple interest per year.
Are you familiar with the Florida law as it pertains to rental properties?
JCG Property Management is a residential property management company based in Fort Lauderdale, Florida. The company is owned and operated by Janice Correale Gomez, a licensed Realtor with Coldwell Banker Residential Real Estate located on the 17th Street Causeway. For additional information, visit www.fortlauderdalepropertymanagement.com or call Janice Gomez at 954.847.1126
No comments:
Post a Comment