Massachusetts has a number of the strictest security deposit laws in the nation. Landlords that take security deposits in Massachusetts must strictly follow the laws or face the potential of paying out thousands in damages. Due to the complexity of the security deposits laws, it is usually advisable for landlords Never to take security deposits, unless they are 100% certain they can keep to the law. - Boston Security Deposit lawyer
If you�re a landlord, you should consult a lawyer before ever taking a security deposit. Again, going for a security deposit is really a mine field of potential problems, any one of that could result in you paying your tenant multiple damages, including his/her attorney fees.
As a tenant, in case your landlord does not stick to the strict regulations, I will help you to collect what exactly is rightfully because of you. Initially when i first pursue one of the most cost-effective method of demanding payment from the landlord. If needed, I'm able to file a case to really get your money returned.
If your landlord needs a security deposit, some of the requirements are:
1. Give you a written receipt for the money received.
2. Provide you with a second receipt that lets you know the name and site of the bank and the account number.
3. The landlord also needs to pay you interest Annually on your own security deposit.
4. The owner must give back the cash within 1 month once you leave.
5. The owner must offer you a �statement of condition� for the apartment
This is simply an example with the requirements a Landlord must follow. If the landlord has not yet followed these steps, you could be eligible for multiple damages from your landlord, including any attorney fees that. Call Massachusetts landlord tenant attorney, Patrick kBull to learn more - Boston Security Deposit lawyer