The Current San Francisco Security Deposit Interest is 0.2% for March 2016- February 2017:
The ReLISTO Security Deposit Interest Calculator SF Rental Calculator is for San Francisco landlords and tenants to easily determine the amount of security rent board fees and allowable rent due. Save, email or print results. Summarized below are the interest rates for prior years as well as rules and details of the ordinance.
San Francisco Security Deposit Interest Rates 1983-2017
September 1, 1999- August 31, 20005.0%CalculateSeptember 1, 1998- August 31, 19995.0%CalculateSeptember 1, 1997- August 31, 19985.0%CalculateSeptember 1, 1996- August 31, 19975.0%CalculateSeptember 1, 1995- August 31, 19965.0%CalculateSeptember 1, 1994- August 31, 19955.0%CalculateSeptember 1, 1993- August 31, 19945.0%CalculateSeptember 1, 1992- August 31, 19935.0%CalculateSeptember 1, 1991- August 31, 19925.0%Calculate
| Date Range | Interest | Interest Calculator |
|---|---|---|
| March 1, 2016- February 28, 2017 | 0.2% | Calculate |
| March 1, 2015- February 29, 2016 | 0.1% | Calculate |
| March 1, 2014- February 28, 2015 | 0.3% | Calculate |
| March 1, 2013- February 28, 2014 | 0.4% | Calculate |
| March 1, 2012- February 28, 2013 | 0.4% | Calculate |
| March 1, 2011- February 28, 2012 | 0.4% | Calculate |
| March 1, 2010- February 28, 2011 | 0.9% | Calculate |
| March 1, 2009- February 28, 2010 | 3.1% | Calculate |
| March 1, 2008- February 28, 2009 | 5.2% | Calculate |
| March 1, 2007- February 29, 2008 | 5.2% | Calculate |
| March 1, 2006- February 28, 2007 | 3.7% | Calculate |
| March 1, 2005- February 28, 2006 | 1.7% | Calculate |
| March 1, 2004- February 28, 2005 | 1.2% | Calculate |
| March 1, 2003- February 29, 2004 | 1.2% | Calculate |
| August 4, 2002- February 28, 2003 | 3.4% | Calculate |
| September 1, 2001- August 03, 2002 | 5.0% | Calculate |
| September 1, 2000- August 31, 2001 | 5.0% | Calculate |
| September 1, 1990- August 31, 1991 | 5.0% | Calculate |
| September 1, 1989- August 31, 1990 | 5.0% | Calculate |
| September 1, 1988- August 31, 1989 | 5.0% | Calculate |
| September 1, 1987- August 31, 1988 | 5.0% | Calculate |
| September 1, 1986- August 31, 1987 | 5.0% | Calculate |
| September 1,1985- August 31, 1986 | 5.0% | Calculate |
| September 1, 1984- August 31, 1985 | 5.0% | Calculate |
| September 1, 1983- August 31, 1984 | 5.0% | Calculate |
The San Francisco Administrative Code requires landlords to pay interest on security deposits held over one year on residential property. Interest payments apply to all residential rental units in San Francisco except for government subsidized properties.
Interest is payable on the tenant’s “annual due date”. If the tenant vacates before one full year of occupancy, no interest is due. Where a tenant vacates after one year of occupancy but before the next annual due date, the interest payment for the partial year period must be pro-rated and calculated using the interest rate in effect on the date the tenant vacates. Generally, the tenant is owed simple interest on their annual due date at the rate in effect when the security deposit interest payment is due. Pursuant to Chapter 49, if interest is owed for multiple years, the interest may not be compounded.
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. For units that are covered by the Rent Ordinance and subject to the annual Rent Board fee, Section 37A.6 of the San Francisco Administrative Code allows the landlord to deduct 50% of the annual Rent Board fee from the security deposit interest payment due to the tenant each year.
Security Deposit interest must be paid within two weeks of the date the tenant vacates. However, subject to the limitations and requirements set forth in Section 1950.5(e) of the California Civil Code, 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.
Generally, disputes concerning security deposits or security deposit interest issues are decided in Small Claims Court. The Rent Board does not have jurisdiction over these disputes and the Rent Board staff cannot give legal advice concerning these issues. Please consult an attorney or appropriate agency for specific advice.
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