The City of West Hollywood invites community members to provide public comment at its next Rent Stabilization Commission meeting regarding an item about the City’s methodology for calculating security deposit interest rates for tenants in rent stabilized units.

Tenants in rent stabilized apartments in the City of West Hollywood are entitled to interest on the funds that their landlords hold as security deposits (this includes last month’s rent deposit, key deposit, cleaning deposit, or any other monies, regardless of what these deposits are called). Landlords are obligated to pay deposit interest to tenants every January for the previous calendar year.

Currently, the rate used to calculate a landlord’s interest payment to their tenants is established by the Rent Stabilization Ordinance and Regulations, which requires the rate to be determined by averaging the interest rates for savings accounts of five online FDIC-insured banks and rounding to the nearest one-tenth of one percent.

Community members are encouraged to provide public comment about security deposit interest rate calculation at the City’s next Rent Stabilization Commission meeting, which will take place on Thursday, August 14, 2025 at 7 p.m. at the City’s Council Chambers/Public Meeting Room, located at 625 N. San Vicente Boulevard. Those unable to attend in person may attend via Zoom and/or submit written comments by 12 p.m. on August 14, 2025 to RSDPublicComment@weho.org.

For more information for people who are Deaf or hard of hearing, dial 711 or 1-800-735-2929 (TTY) or 1-800-735-2922 (voice) for California Relay Service (CRS) assistance.

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For reporters and members of the media seeking additional information about the City of West Hollywood, please contact the City of West Hollywood’s Public Information Officer, Sheri A. Lunn, at (323) 848-6391 or slunn@weho.org.