Rental Basics in Boston>Question Details

Anne Mattson, Home Buyer in Boston, MA

landlord asking for w-9

Asked by Anne Mattson, Boston, MA Tue Jul 17, 2012

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6
l would be worried if they do not ask for one. They also have to provide you with the info as to where the account is etc. Do a search for MA tenant law.

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1 vote Thank Flag Link Sat Jul 21, 2012
Nothing out of the ordinary. As the other posters mention, this is needed for your security deposit.
Web Reference: http://www.MatAmes.com
0 votes Thank Flag Link Wed Jul 18, 2012
It is ok.
LL has to put your security deposit in an interest bearing account. You will get the interest with the security deposit. Hence, the need for the W-9 form for tax purposes.
0 votes Thank Flag Link Wed Jul 18, 2012
Hello Anne,

Most state law requires landlords to deposit security deposits into individual designated security deposit bank accounts. The acccount bears the SSN of the tenant and not the landlord. No bank will allow you to open a new statement savings account without a Form W-9. It is used to open the bank account.

Best wishes,
Lisa marie
0 votes Thank Flag Link Tue Jul 17, 2012
Hi Anne,

The W-9 form is actually a legal requirement in order to open an account for the security deposit. The security deposit goes in to an interest baring account, separate from the landlord’s accounts. The bank reports this account to the IRS and that is the reason for asking for the W-9 form.

Mass General Law c. 186, sec. 15B(3)(a) provides:

(3) (a) Any security deposit received by such lessor shall be held in a separate, interest-bearing account in a bank, located within the commonwealth

Best wishes,
Lisa marie
0 votes Thank Flag Link Tue Jul 17, 2012
Very standard for security deposit.
It's the law in Mass.
0 votes Thank Flag Link Tue Jul 17, 2012
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