Pay annual security deposit interest and issue statement. Massachusetts landlords holding a security deposit or last month's rent must, at the end of each year of the tenancy, send the tenant a statement and either pay the interest owed (5 percent a year or the lower rate the bank actually paid) or tell the tenant to deduct it from the next rent, and interest left unpaid when the tenancy ends can lead to triple damages plus court costs and attorney's fees.
The Massachusetts rule
Each rule shows its schedule, its primary sources, and the date it was last verified.
Related rules in Massachusetts
The Massachusetts guide lists every compliance obligation, the seasonal maintenance calendar, and baseline upkeep.
Open the Massachusetts landlord guide · Security deposit interest in every state
What Landautomate does with this page
This guide is the reading version of the Landautomate Massachusetts rule base. In the app, the same rules become dated tasks on each Massachusetts property, timed to its purchase date, lease dates, age, and climate, with an email before each one is due. The free preview shows a sample of that schedule for Massachusetts in under a minute, no account needed.
See this calendar built for your own property
The free preview takes a state and a few property facts and shows the schedule Landautomate would run, no account needed. Every new account starts with a 30-day free Pro trial, no card required.