I've been at the Rent Board last Friday and overheard a conversation regarding payments on security deposits. I thought you might be interested to find out that:
(1) - The interest is paid annually, not when the tenant vacates [Section 49.2(b)];
(2) - The interest is paid also on the units exempt from the rent control; only government-subsidized units (Section 8, SFHA, etc.) are not subject to it.
(2) - The interest is paid also on the units exempt from the rent control; only government-subsidized units (Section 8, SFHA, etc.) are not subject to it.