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Rentals in 01602 : Real Estate Advice

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  • Home Buying6
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Activity 3
Wed Jun 13, 2012
Luopu Smith answered:
Hi. You can actually find that information by doing a search with the Registry of Deeds online. Try this link:

Good Luck!
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Mon Feb 13, 2012
Access Group answered:
There may be two reasons:
1. The owner have bought the property in peak times and wants to unload it, he collects the rent and doesn't pay to a bank.
2. And second, his tenants actually stopped paying for their rents and hence he can't continue to pay.
But, there are great opportunities in Worcester right now for investors and owner occupied home owners with MA financing programs available and, of course, careful prescreening of tenants.
... more
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Sat Oct 8, 2011
Louis Wolfson answered:
Security Deposit: You are entitled to either 5% interest or whatever lesser amount is received from the bank where the deposit has been held, if you live in the apartment for at least one year. The law requires the landlord to hold a security deposit in a separate, interest-bearing account in a Massachusetts bank. Within 30 days of receiving your deposit, the landlord must give you a receipt identifying the bank’s name and address, the account number, and the amount of the deposit.

Penalties For Failure to Properly Handle Security Deposit

If you do the following, the tenant is entitled to the immediate
return of the security deposit:
•Fail to make the security deposit records available to the tenant during business hours;
•Fail within thirty (30) days of taking a security deposit to give the tenant a receipt with the name, address of the bank where the money is held, and account number of the bank in the amount of the deposit;
•Make deductions for damages without submitting proper documentation described above; or
•Use a lease with provisions that conflict with the Security Deposit Law and you attempt to enforce this lease or attempt to make the tenant waive his or her rights.

If you do the following, the tenant is entitled to the immediate return of the security deposit and treble damages, court costs and attorney’s fees:
•Fail to place the security deposit into a Massachusetts interest-bearing bank account separate from your own;
•Fail to return the security deposit or balance thereof within thirty (30) days after termination of the tenancy; or.
•Fail to transfer the security deposit to the new landlord (M.G.L. c. 186 § 15B).

A new landlord has the same transfer responsibilities as stated above for last month’s rent.

As to the lease being a year off, is it stated it is for 12 months or 24 months? It should have a begin and end date, a total amount of rent that you will owe and your monthly payments. If that is all there and you signed it, then you would be obligated for the time of the lease you signed.
... more
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