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Maryland state law requires that the tenant receive the greater of the daily U.S. Treasury yield curve rate or 1.5% simple interest on the security deposit over the life of the lease.
APS holds all deposits in an interest-bearing account. When the amount of interest earned is less than the applicable rate, the difference between the interest earned and the applicable rate owed to the tenant is the owner’s responsibility.
If you are interested in our services please contact us and be sure to include a brief description and address of your property.