Interest section beginsAfter 2nd anniversary
Section 511.2(c).
Administrative amount1% per year
Section 511.2(b) allows this amount when the statutory interest-bearing rule applies.
Ask for the escrow record
- Depository name/address notice.
- Deposit amount.
- Lease anniversary dates.
- Interest paid and any administrative deduction.
Statewide baseline only. Local rules and the exact tenancy facts can change the analysis. This page is educational information, not legal advice.