Massachusetts
For Massachusetts, interest required is Yes; rate or how it's set is interest at the rate of five per cent per year, or other such lesser amount of interest as has been received from the bank where the deposit has been held; condition that triggers the duty is Only once the landlord has held the deposit for a year or longer from the start of the tenancy; citation is Mass. Gen. Laws ch. 186, § 15B(3)(b), recorded from its source on 2026-09-02.
- Jurisdiction
- Massachusetts our reading
- Interest required
- Yes our reading
- Rate or how it's set
- interest at the rate of five per cent per year, or other such lesser amount of interest as has been received from the bank where the deposit has been held verified
- Condition that triggers the duty
- Only once the landlord has held the deposit for a year or longer from the start of the tenancy our reading
- Citation
- Mass. Gen. Laws ch. 186, § 15B(3)(b) our reading
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
What the source says
A lessor of residential real property who holds a security deposit pursuant to this section for a period of one year or longer from the commencement of the term of the tenancy shall, beginning with the first day of the tenancy, pay interest at the rate of five per cent per year, or other such lesser amount of interest as has been received from the bank where the deposit has been held payable to the tenant at the end of each year of the tenancy.
— malegislature.gov, retrieved 2026-09-02
Source
- malegislature.govhttps://malegislature.gov/Laws/GeneralLaws/PartII/TitleI/Chapter186/Section15B