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The DCHC dictates that the interest rate on the deposit be equal to the passbook interest rate. The prevailing rate on either January 1 or July 1 applies for all or part of the six months following those dates in which you rent the apartment.
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified landlord tenant lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local landlord tenant attorney to discuss your specific legal situation.