Closing Date Prorations Calculator Guide for Pennsylvania

How the limitation period applies

The controlling primary authority for Pennsylvania security deposit limits and real estate closing cost prorations - 68 Pa. C.S. § 250.1 et seq. is 68 Pa. C.S. § 250.1a.

68 Pa. C.S. § 250.1a. A landlord who receives a security deposit from a tenant shall hold the deposit in trust for the tenant... The landlord may not charge or receive from any tenant any security deposit in an amount greater than an amount equivalent to two months' rent for the first year of the tenancy and one month's rent for the second and any subsequent year of the tenancy.

Related statutes

41 P.S. § 202 — Interest on judgments

Every judgment for the payment of money shall bear interest at the rate of six (6) percent per annum or at the rate provided in the contract, whichever is higher.

Use the calculator

DocketMath's statute-of-limitations tool can model these timelines once you identify the controlling claim type and accrual date. Use the source panel for the verified primary-source citations.

Open the Statute of Limitations calculator

Sources

• 68 Pa. C.S. § 250.1a — Security Deposits and Interest
• 41 P.S. § 202 — Interest on judgments

All sources are official primary law published by law.justia.com.