Property Management
A Massachusetts landlord must pay interest on a security deposit held longer than:
A30 days
B60 days
C90 days
DOne year✓ Correct
Explanation
Under M.G.L. c. 186 § 15B, a Massachusetts landlord must pay annual interest on security deposits held for more than one year, at the rate of 5% per year or the amount received by the bank, whichever is less.
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