Official Guide
2004 City of West Hollywood Interest Rate
Comprehensive guide to security deposit interest compliance for the 2004 fiscal period.
Compliance Notice
This document aggregates official data for educational purposes. Landlords and tenants should verify specific requirements with the City of West Hollywood Housing Department.
Official 2004 Rate
0.50%
— vs 2003
Simple interest rate applicable to security deposits held during the 2004 calendar year for eligible units.
Landlord Compliance Checklist
01
Verify Coverage
Ensure the unit is subject to City of West Hollywood RSO rules and the deposit has been held for the minimum period (typically 12 months).
Ensure the unit is subject to City of West Hollywood RSO rules and the deposit has been held for the minimum period (typically 12 months).
02
Apply the 2004 Rate
Use 0.50%. If the tenancy spans multiple years, calculate each year separately using that year's rate.
Use 0.50%. If the tenancy spans multiple years, calculate each year separately using that year's rate.
03
Issue Payment
Pay the tenant directly or provide a rent credit. You must provide a written statement explaining the math.
Pay the tenant directly or provide a rent credit. You must provide a written statement explaining the math.
Calculation Logic
Annual Formula
Use this for full-year tenure.
Deposit × 0.50% = Interest
Pro-Rata Formula
Use this for partial years (move-in/out).
(Annual Interest) × (Months ÷ 12)
Rules & Deadlines
- When is it due? per annual city guidance.
- Payment Methods Check local ordinance.
Eligibility
- Unit Status Must be a rent-stabilized (RSO) property.
- Tenure Interest typically accrues only after the deposit is held for 1 year.
Quick Estimator
$
Enter total deposit held.
Max 12. Adjust for partial.
Interest Due
$0.00
Historical Rate Table
| Year | Rate | Trend | Link |
|---|---|---|---|
| 2025 | 4.30% | ▼ 14.00% | View |
| 2024 | 5.00% | — | View |
| 2023 | 5.00% | ▲ 194.12% | View |
| 2022 | 1.70% | New Rate | View |
| 2021 | 0.00% | — | View |
| 2020 | 0.00% | — | View |
| 2019 | 0.00% | — | View |
| 2018 | 0.00% | — | View |
| 2017 | 0.00% | — | View |
| 2016 | 0.00% | — | View |
| 2015 | 0.00% | — | View |
| 2014 | 0.00% | — | View |
| 2013 | 0.00% | — | View |
| 2012 | 0.00% | ▼ 100% | View |
| 2011 | 0.25% | — | View |
| 2010 | 0.25% | ▼ 50.00% | View |
| 2009 | 0.50% | — | View |
| 2008 | 0.50% | — | View |
| 2007 | 0.50% | — | View |
| 2006 | 0.50% | — | View |
| 2005 | 0.50% | — | View |
| 2004 | 0.50% | — | Current |
| 2003 | 0.50% | ▼ 33.33% | View |
| 2002 | 0.75% | ▼ 40.00% | View |
| 2001 | 1.25% | — | View |
Recordkeeping
A clear audit trail prevents disputes. Maintain the following in your permanent files:
Original Lease
Showing deposit amount and date received.
Calculation
Worksheet showing the 2004 rate applied.
Proof
Copy of check, transfer, or signed rent credit.