Lingsch Realty's Property Management Newsletter

PROPERTY MATTERS Volume XI - March 2009

The San Francisco Rent Board has announced the security deposit interest rate for March 1, 2009-February 28, 2010. The amount is 3.1 percent.

Some helpful hints for figuring security deposit payments:

The landlord has the option of paying the security deposit interest to the tenant in the form of either a direct payment or a credit against the tenant's rent.
The tenant is owed simple interest at the rate in effect when the security deposit interest payment is due. If interest is owed for multiple years, the interest may not be compounded.
Security Deposit interest must be paid within two weeks of the date a tenant vacates. However, a landlord may retain a portion of the unpaid accrued interest where the amount of the security deposit alone is insufficient to cover unpaid rent, repair of damages to the premises caused by the tenant, or necessary cleaning of the premises.
You may collect 50% of the Rent Board fee, which appears on your annual property tax bill, from the tenant each year, by deducting it from the security deposit interest payment due to the tenant each year. If there is no security deposit held by the landlord, then the landlord may bill the tenant for the fee directly.

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Address	Neighborhood	Bed	Bath	Description	Price
3253 Harrison	Bernal Heights	2+	1	Charming Victorian flat	$2,700

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Address	Neighborhood	Bed	Bath	Description	Price
1232 Shelter Creek	San Bruno	0	1	Studio with sleeping alcove	$1,100
620-B Spruce	S. San Francisco	1	1	Completely remodeled in-law	$1,350
620-A Spruce	S. San Francisco	2	1	Completely remodeled	$2,375
1016 San Gabriel Cir. #529	Daly City	2	2	Spacious condo	$2,000
1569 24^th Ave.	Sunset	2+	1	Single Family Home	$2,400
601 Van Ness Ave.	Civic Center	2	1	Short-term, furnished	$2,700

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QUICK LINKS OF INTEREST
San Francisco Rent Board
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