FAQ #5: Will I receive interest on my security deposit?

California State law does not require landlords to pay interest on security deposits. Some cities have their own ordinances regarding interest. In San Mateo County, East Palo Alto landlords must place security deposits in an interest bearing account. In December of every year, landlords are supposed to provide tenants with an accounting and either a refund check or the option to offset the next month's rent accordingly.

Need more help?

California Tenants: A Guide to Residential Tenants' and Landlords' Rights and Responsibilities
www.dca.ca.gov/publications/landlordbook/terminations.htm  or Download the guide (PDF)

Legal Aid Society of San Mateo County's PDF guides: Security Deposits

New Security Deposit Law, from TCAA Walk-Through Inspection Process for Landlords and Tenants (PDF)

Landlord and Tenant Information and Referral Collaborative Landlord and Tenant Rights, Responsibilities, and Resources, in San Mateo County (PDF)

East Palo Alto Rent Stabilization Program - For residents of East Palo Alto
2200 University Avenue, East Palo Alto, CA 94303
650-853-3114