Pennsylvania
For Pennsylvania, interest required is Yes; rate or how it's set is The balance of the interest paid shall be the money of the tenant making the deposit; condition that triggers the duty is Applies only after the second anniversary of the deposit of escrow funds; citation is 68 P.S. § 250.511b (Landlord and Tenant Act of 1951, § 511.2), recorded from its source on 2026-09-02.
- Jurisdiction
- Pennsylvania our reading
- Interest required
- Yes our reading
- Rate or how it's set
- The balance of the interest paid shall be the money of the tenant making the deposit verified
- Condition that triggers the duty
- Applies only after the second anniversary of the deposit of escrow funds our reading
- Citation
- 68 P.S. § 250.511b (Landlord and Tenant Act of 1951, § 511.2) 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
Whenever any money is required to be deposited in an interest-bearing escrow savings account, in accordance with section 511.1, then the lessor shall be entitled to receive as administrative expenses, a sum equivalent to one per cent per annum upon the security money so deposited, which shall be in lieu of all other administrative and custodial expenses. The balance of the interest paid shall be the money of the tenant making the deposit and will be paid to said tenant annually upon the anniversary date of the commencement of his lease.
— legis.state.pa.us, retrieved 2026-09-02
Where each value comes from
The value above is stated away from the sentence quoted with the answer, so the passage that states it is shown here too.
Condition that triggers the duty
The provisions of this section shall apply only after the second anniversary of the deposit of escrow funds.
— all from legis.state.pa.us, retrieved 2026-09-02
Source
- legis.state.pa.ushttps://www.legis.state.pa.us/WU01/LI/LI/US/HTM/1951/0/0020..HTM