Watsonville - Security Deposit Interest ONLY

2016 - NO PAYMENT REQUIRED

2015 - NO PAYMENT REQUIRED

2014 - NO PAYMENT REQUIRED

2013 - NO PAYMENT REQUIRED

2012 - NO PAYMENT REQUIRED

2011 - NO PAYMENT REQUIRED 

The City of Watsonville’s Municipal Code section 5.40 requires that residential renters be paid interest on any security deposit in excess of $50 held by the landlords and held for more than thirty (30) days.  Watsonville’s rate is aligned with the rate calculated and adopted by the County of Santa Cruz.  However, starting with 2011 deposits, no payment is required when the rate drops below 0.50% (section 5-40.04(d)).  

Any questions regarding the Security Deposit Interest can be directed to Ezequiel Vega, Administrative Services Director, at (831) 768-3470.