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Ely, Counselor at Law
Category: Real Estate Law
Satisfied Customers: 99465
Experience:  Qualified attorney in private practice including business, family, criminal, and real estate issues.
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As a landlord am I under an obligation to show the tenant the

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As a landlord am I under an obligation to show the tenant the statement for the deposit escrow account
Hello friend. My name is XXXXX XXXXX welcome to JustAnswer. Please note: (1) this is general information only, not legal advice, and, (2) there may be a slight delay between your follow ups and my replies.

1) Is the tenant still living at the property or have they moved out?
2) Has the deposit been sent back to them, and/or minus any withholding for cause?
3) Why do they want to see this, i.e. what are they alleging?

This is not an answer, but an Information Request. I need this information to answer your question. Please reply, so I can answer your question. Thank you in advance.
Customer: replied 2 years ago.

The tenant is still in the the property the lease has another 15 months to run. They have not alleged anything yet

Thank you, XXXXX XXXXX for the wait.

You may already know this - the landlord must put the security deposit in an escrow account. When returning security deposits of $50 or more, the landlord must include simple interest of 3 percent per year, accrued at six-month intervals from the date the security deposit was paid (1.5 percent every six-month period).

However, for the time that the lease is actually running, there is no right for the tenant to "demand" to see the bank account's statement for the deposit escrow account. So there is no such right, unless the lease contract specifically gives them that right (which I am guessing it does not). Ergo, their request is not valid.

I hope this helps and clarifies. Good luck.

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