SF Rental Calculator Update: 2012/2013 Interest Rate

Posted February 23rd, 2012 in News by ReLISTO

ReLISTOs SF Security Deposit Interest & Rent Board Fee Calculator was updated this morning to reflect the new security deposit interest rate of 0.4%, effective March 1, 2012 – February 28, 2013. Next update will be summer of 2012 to enter the November 2012 Rent Board Fee.

 

With the SF Security Deposit Interest & Rent Board Fee Calculator Landlords and Residents can easily determine the amount of interest on security deposits (See Chapter 49 of the San Francisco Administrative Code) and annual Residential Rent Stabilization and Arbitration Board Fee, commonly know as the “Rent Board Fee” (See Chapter 37A of the San Francisco Administrative Code) owed to the other . These two different and quite complex computations can be a cause of significant deliberations and disputes between Residents and Landlords. The SF Interest and Rent Board Fee Calculator allows each party to easily run the complex calculus for free, in only moments, online, thereby helping foster better relations between Residents and Landlords . All that is required is for the user to enter a start and end date along with the initial principle. The ReLISTO SF Rental Calculator will then provide an amount due to either or both the Landlord and Resident by factoring in multiple variables such as the changing interest rates and various rent board fees over the entire term or tenancy. By generating a precise figure with minimal effort, Landlords can now easily manage this required step for each of their rental properties.

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