[RPPTL LandTen] Residential Security Deposits

Tue Jun 4 14:23:27 PDT 2013

Cary, where in 83.49 is the 5% interest remedy?

From: landten-bounces at lists.flabarrpptl.org [mailto:landten-bounces at lists.flabarrpptl.org] On Behalf Of Cary Sabol
Sent: Tuesday, June 04, 2013 5:17 PM
To: RPPTL Landlord Tenant Committee
Subject: Re: [RPPTL LandTen] Residential Security Deposits

I believe the consequence is the Landlord would have to pay the tenant interest on the deposit at a rate of 5% per year.  See F.S. 83.49.
Cary
Law Offices of Cary P. Sabol
P.O. Box 15981 | West Palm Beach | Florida | 33416
Phone: (561) 281-2744
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From: Arthur J. Menor <AMenor at shutts.com<mailto:AMenor at shutts.com>>
To: 'RPPTL Landlord Tenant Committee' <landten at lists.flabarrpptl.org<mailto:landten at lists.flabarrpptl.org>>
Sent: Tuesday, June 4, 2013 5:08 PM
Subject: [RPPTL LandTen] Residential Security Deposits
What is the penalty for a landlord’s failure to place a security deposit in a separate account?

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Arthur J. Menor
Partner
Shutts & Bowen LLP
CityPlace Tower, 525 Okeechobee Blvd, Suite 1100 | West Palm Beach, FL 33401
Direct: (561) 650-8510 | Fax: (561) 822-5510
E-Mail<mailto:AMenor at shutts.com> | Biography<http://www.shutts.com/attorneys-Arthur-Menor.html> | V-Card<http://www.shutts.com/vcard-132.vcf> | Website<http://www.shutts.com/>

___________________________________________________________IRS CIRCULAR 230 NOTICE: Pursuant to recently enacted U.S. Treasury Department Regulations, we are now required to advise you that, unless otherwise expressly indicated,any federal tax advice expressed above was neither written nor intended by the sender or this firm to be used and cannot be used by any taxpayer for the purpose of avoiding penalties that may be imposed under U.S. tax law. If any person uses or refers to any such tax advice in promoting, marketing or recommending a partnership or other entity, investment plan or arrangement to any taxpayer, then the advice should be considered to have been written to support the promotion or marketing by a person other than the sender or this firm of that transaction or matter, and such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

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