Summary of the law on last month’s rent In Massachusetts:
- The amount of the last month’s rent must be the same as the first month’s rent.
- Landlords have to give a proper receipt if they take last month’s rent in advance.
- Landlords are required to pay interest on last month’s rent collected in advace, and if they don’t they can be forced to pay triple the amount of interest due, plus reasonable attorney’s fees.
M.G.L. ch. 186 s. 15(B)(2)(a)
“Any lessor or his agent who receives, at or prior to the commencement of a tenancy, rent in advance for the last month of the tenancy from a tenant or prospective tenant shall give to such tenant or prospective tenant at the time of such advance payment a receipt indicating the amount of such rent, the date on which it was received, its intended application as rent for the last month of the tenancy, the name of the person receiving it and, in the case of an agent, the name of the lessor for whom the rent is received, and a description of the rented or leased premises, and a statement indicating that the tenant is entitled to interest on said rent payment Continue reading