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Sub-landlord vs. Landlord and security deposits

I am trying to find out what differences exist, if any, between the laws stipulating the manner in which the prime landlord or sub-landlord are required to handle the security deposit. In other words, if it is not otherwise stipulated in the lease, is the sub-landlord bound by the same law as the prime landlord in Massachusetts, or can he or she do whatever she pleases with it?

Editor's Response

I believe the law applies to anyone who takes a security deposit from a residential tenant, even an agent of the landlord.

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