Property Management
In Massachusetts, a landlord who receives the 'last month's rent' from a new tenant must:
AHold it in any bank account
BHold it in a separate interest-bearing account and provide written notice of the bank and account number✓ Correct
CApply it immediately toward the first month's rent
DRecord it with the local assessor's office
Explanation
Massachusetts law requires landlords who collect last month's rent to hold it in a separate, interest-bearing account and provide the tenant with written notice of the bank name, branch, and account number within 30 days.
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