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AGO Opinions with Topic: RIGHT OF TENANT TO INTEREST
AGO 1974 No. 11 >  May 28, 1974
LANDLORD AND TENANT - INTEREST - RENT - MAINTENANCE OF LANDLORD-TENANTS' SECURITY DEPOSITS - RIGHT OF TENANT TO INTEREST
LANDLORD AND TENANT ‑- INTEREST ‑- RENT ‑- MAINTENANCE OF LANDLORD-TENANTS' SECURITY DEPOSITS ‑- RIGHT OF TENANT TO INTEREST (1) RCW 59.18.270 does not require a landlord to maintain separate account for each tenant's security deposit; accordingly, the landlord may maintain a single account for the security deposits of all his tenants.  (2) If interest is earned through the investment of a tenant's security deposit, that interest belongs to the tenant.  (3) Interest earned on a tenant's security deposit may be retained by the landlord as a part of his rental charges for the premises involved if express provision to that effect is included in the rental agreement.
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