How to calculate the interest on the last month deposit
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ahoii
- Posts: 61
- Joined: August 6th, 2014, 1:39 pm
How to calculate the interest on the last month deposit
I have a tenant who started tenancey in August 2022. In August 2023, I increased rent above the guideline with mutual agreement with tenants. Now, they want interest paid. They want me to pay the interest 2022-2023 & 2023- Feb 2024 using the rate increased last year; 4%. I think I have to calculate year by year. For instance, 2.5% for 2022-2023 & 4% for 2023-now. Please share tips with me.
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RENT4ALLPM
- Posts: 46
- Joined: December 2nd, 2023, 11:53 pm
Re: How to calculate the interest on the last month deposit
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