My landlord took a Security Deposit ($2000+) and Last Month's Rent ($2000+). Within 30 days after tenancy ended he returned a portion of the Security Deposit (less "damages") and also gave me "interest" of roughly 7 dollars. The letter did not specify whether interest was on last months rent or security deposit. I plan on requesting the difference between the amount returned and the amount i paid because he did not follow statutory guidelines (never received bank account info for security deposit, or notice of interest earned after one year, and didnt swear to list of damages under pains of purjury, and deducted for normal wear and tear. On to my question:
Mass Law states that Landlord needs to pay 5% or such lesser amount as he gets from the Bank. Due to the vagueness of the term "Bank" I am having trouble with determining how much interest to demand on this amount and I have not seen the questions I list below answered anywhere else so I would appreciate input
(1) With respect to Last Month's Rent, if Landlord put last months rent in a personal checking account that paid 0% interest, does that mean I am entitled to 0% or 5%? Can he say "such lesser amount as received by bank" is 0% because the bank paid him 0% or does "Bank" within the context of 186 15(b) only cover instances where the Last Month's Rent is escrowed in the same account as the Security Deposit?