Security Deposit Guidelines per StateArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming<\/p>\n
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Amount limits:<\/strong> 1 1\/2 months’ rent
\nDeadline for return:<\/strong> 14 days
\nAcceptable reasons for deductions:<\/strong> Unpaid rent, damage to the unit (beyond normal wear and tear), or other expenses pertaining to the tenant’s failure to comply with the terms of the rental agreement
\nMaintenance of funds:<\/strong> (no statutory guidelines)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 2 months’ rent (only applies to landlords who own 6 or more properties or who have someone else manage or collect rent on their properties)
\nDeadline for return:<\/strong> 60 days (same exemptions for amount limits apply)
\nAcceptable reasons for deductions:<\/strong> Damage beyond normal wear and tear, cleaning costs, unpaid rent, late fees
\nMaintenance of funds:<\/strong> (no statutory guidelines)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 2 months’ rent (3 months’ rent if furnished)
\nDeadline for return:<\/strong> 21 days
\nAcceptable reasons for deductions:<\/strong> Damage beyond normal wear and tear, cleaning costs, unpaid rent, any future debts that may be incurred due to tenant’s violation of lease terms, other breaches of lease terms
\nMaintenance of funds:<\/strong> (no statutory guidelines)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> (no statutory guidelines)
\nDeadline for return:<\/strong> 30 days if unspecified, and up to 60 days if lease specifies
\nAcceptable reasons for deductions:<\/strong> Damage beyond normal wear and tear, repair, cleaning costs, unpaid rent, utility bills, abandonment of the property
\nMaintenance of funds:<\/strong> (no statutory guidelines)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 2 months’ rent for tenants under 62 years of age, and 1 month’s rent for tenants 62 and older
\nDeadline for return:<\/strong> 30 days, or within 15 days of receiving tenant’s forwarding address (whichever is later)
\nAcceptable reasons for deductions:<\/strong> Damage beyond normal wear and tear, repair, cleaning costs, unpaid rent, utility bills, other charges associated with a violation of lease terms
\nMaintenance of funds:<\/strong> Must be put into an escrow account with a Connecticut-based financial institution, and landlord must pay accrued interest to the tenant upon the first anniversary of their tenancy as long as the tenant is up to date on their rent (any additional interest must be paid out each successive anniversary and upon termination of the lease)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 1 month’s rent for leases of 1 year or more, no limit in the first year for month-to-month leases (but 1 month’s rent after that), no limit for furnished rentals, and tenant may elect to offer a surety bond instead of a deposit
\nDeadline for return:<\/strong> 20 days
\nAcceptable reasons for deductions:<\/strong> Damages beyond normal wear and tear, unpaid rent or late fees, costs associated with re-renting the unit upon breaking the lease early
\nMaintenance of funds:<\/strong> Must be put into an escrow account with a federally insured, Delaware-based financial institution, and landlord must inform the tenant about the location of the funds<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 1 month’s rent
\nDeadline for return:<\/strong> 45 days
\nAcceptable reasons for deductions:<\/strong> To cover any costs associated with violations of the lease agreement (such as damage, cleaning, unpaid rent), but the reasons for deductions must be stated in the lease agreement or a written receipt for the deposit
\nMaintenance of funds:<\/strong> Must be deposited into an interest-bearing account with a financial institution based in the District of Columbia (and this account must be used solely for security deposits), and landlord must pay the tenant accrued interest after 1 year<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> (no statutory guidelines)
\nDeadline for return:<\/strong> 15 days, or 30 days if landlord intends to make deductions
\nAcceptable reasons for deductions:<\/strong> Damage other than normal wear and tear, unpaid rent, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> Must be deposited into a separate bank account with a Florida-based financial institution (if it’s interest-bearing, accrued interest must be paid to the tenant annually and at the end of the lease term), or landlord may post a surety bond for the amount of the deposit<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> (no statutory guidelines)
\nDeadline for return:<\/strong> 1 month
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, cleaning costs, unpaid rent and late fees, unpaid utility bills, unpaid pet fees, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> Must be put into an escrow account with a state- or federally insured, Georgia-based financial institution, and landlord must inform the tenant about the location of the funds, or landlord may post a surety bond for the amount of the deposit<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 1 month’s rent
\nDeadline for return:<\/strong> 14 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, cleaning costs, unpaid rent and late fees, failure to return any keys furnished by the landlord, costs pertaining to breaking the lease early, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> (no statutory guidelines)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> (no statutory guidelines)
\nDeadline for return:<\/strong> 21 days, or up to 30 days if both parties agree
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> (no statutory guidelines)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> (no statutory guidelines)
\nDeadline for return:<\/strong> 30 days if landlord intends to make deductions, and 45 days if landlord intends to return it in full
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, cleaning costs, unpaid rent, unpaid utility bills, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> Landlords with 25 or more units in the same building or complex must pay interest on deposits held for more than 6 months, payable to the tenant within 30 days of the termination of a 1-year lease<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> (no statutory guidelines)
\nDeadline for return:<\/strong> 45 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, unpaid utility bills, last month’s rent (if agreed to by both parties), or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> (no statutory guidelines)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 2 month’s rent
\nDeadline for return:<\/strong> 30 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, costs associated with gaining possession of unit that tenant has refused to surrender, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> Deposits must be placed in a dedicated account with a financial institution (any accrued interest is the property of the landlord)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 1 month’s rent if unfurnished, 1 1\/2 months’ rent if furnished, and an additional 1\/2 month’s rent for pets
\nDeadline for return:<\/strong> 30 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> Must be held in a dedicated account in a federally insured financial institution (any accrued interest is the property of the landlord)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> No statutory limits, but before collecting a deposit, the landlord must provide the tenant with a list of pre existing damages and inform them of their right of inspection
\nDeadline for return:<\/strong> 30 days, or up to 60 days if tenant disputes deductions
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> Must be held in a dedicated account in a state- or federally insured financial institution (landlord must inform the tenant of the name and address of the financial institution, and the account number)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> (no statutory guidelines)
\nDeadline for return:<\/strong> 1 month
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, unpaid utility bills, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> (no statutory guidelines)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 2 month’s rent
\nDeadline for return:<\/strong> 30 days if there is a written\/signed rental agreement, and 21 days for tenancy-at-will
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> Must be kept in a dedicated bank account that is safe from their creditors (in the event of a foreclosure or other such action), and landlord must provide tenant with the name of the financial institution where the deposit is located and the account number if asked<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 2 months’ rent
\nDeadline for return:<\/strong> 45 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> Deposits must be placed in a dedicated account within 30 days of their receipt (all deposits exceeding $50 must be placed in an account that bears at least 3% annual interest, accruing every 6 months), held as a certificate of deposit at a financial institution, or landlord may post a surety bond for the amount of the deposit<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 1 month’s rent
\nDeadline for return:<\/strong> 30 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, unpaid water bills, or unpaid real estate taxes the tenant was required to pay (per the lease agreement)
\nMaintenance of funds:<\/strong> Must be placed in a dedicated, interest-bearing account in a Massachusetts-based financial institution, and accrued interest must be paid to the tenant annually (either 5% or the bank’s interest rate)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 1 1\/2 months’ rent
\nDeadline for return:<\/strong> 30 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, unpaid utility bills, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> Must be placed in an escrow account or held as a surety bond<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> (no statutory guidelines)
\nDeadline for return:<\/strong> 3 weeks after tenant receives forwarding address
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> Must be placed in an interest-bearing (at least 1%) account<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> (no statutory guidelines)
\nDeadline for return:<\/strong> 45 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, cleaning costs, unpaid rent, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> (no statutory guidelines)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 2 months’ rent
\nDeadline for return:<\/strong> 30 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> (no statutory guidelines)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> (no statutory guidelines)
\nDeadline for return:<\/strong> 30 days, or 10 days if landlord does not intend to make any deductions
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent and late fees, charge for the landlord’s labor, unpaid utilities, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> (no statutory guidelines)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 1 month’s rent, plus an additional quarter-month’s rent as a pet deposit
\nDeadline for return:<\/strong> 14 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, or unpaid utilities
\nMaintenance of funds:<\/strong> (no statutory guidelines)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 3 months’ rent for private housing, and 1 month’s rent for public housing (tenant’s have the option of taking out a surety bond instead if both parties agree)
\nDeadline for return:<\/strong> 30 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, or cleaning costs
\nMaintenance of funds:<\/strong> (no statutory guidelines)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 1 month’s rent, unless it is a shared facility\u2014such as a boarding house\u2014in which case there is no limit
\nDeadline for return:<\/strong> 30 days, or 20 days if no written agreement
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, unpaid taxes, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> Must be held in a dedicated account in a bank located in New Hampshire, and must provide information about the funds (bank, account number, interest rate, etc.) upon tenant’s request<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 1 1\/2 months’ rent, and landlord may increase deposit if rent is increased (but no more than 10% in a given year)
\nDeadline for return:<\/strong> 30 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, or unpaid rent
\nMaintenance of funds:<\/strong> Must be placed in a money market fund in a New Jersey-based investment company, or in an interest-bearing bank account (if landlord owns 10 or more units, the interest rate must be equal to or greater than the interest rate for the bank’s money market accounts); tenant must be paid interest on deposit annually<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 1 month’s rent for leases less than 1 year; for leases of 1 year or more, either 1 month’s rent or any amount greater than that if it’s in an interest-bearing account and the tenant is paid the interest annually
\nDeadline for return:<\/strong> 30 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, unpaid utilities, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> If charging more than 1 month’s rent as a deposit, it must be put into an account that earns an interest rate equal to or greater than the passbook interest rate on New Mexico savings accounts<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 1 month’s rent, unless it is subject to the City Rent and Rehabilitation Law or the Emergency Housing Rent Control Law
\nDeadline for return:<\/strong> 14 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> Must be kept in a dedicated savings account based in New York, and must earn the average interest rate in the area if landlord owns rental property with 6 or more units (landlord may keep an annual fee of up to 1% of the deposit amount, and the tenant is paid the rest of any accrued interest annually)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 2 weeks’ rent for week-to-week, 1 1\/2 months’ rent for month-to-month, 2 months’ rent for rentals exceeding 2 months, and a “reasonable, non-refundable” pet deposit (no specific limit)
\nDeadline for return:<\/strong> 30 days, or 60 days (total) if a dispute over deductions extends beyond 30 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, unpaid utilities, breach of lease agreement, court costs, costs of removing tenant’s possessions after eviction, costs of re-renting the unit after a breach, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> Must be kept in a trust account in a North Carolina-based financial institution, or landlord may post a bond for the same amount with a company that has a North Carolina business license<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> 1 month’s rent, additional pet deposit of up to $2,500 or 2 months’ rent (whichever is greater), and up to 2 months’ rent for tenants with felony convictions
\nDeadline for return:<\/strong> 30 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, or cleaning costs
\nMaintenance of funds:<\/strong> Must be kept in a dedicated interest-bearing savings account (accrued interest is payable to the tenant after 9 months)<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> No limit, but deposits greater than 1 month’s rent must bear interest at or greater than 5% if tenant remains on the property for 6 months or more (accrued interest is payable to the tenant annually)
\nDeadline for return:<\/strong> 30 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, or unpaid rent
\nMaintenance of funds:<\/strong> No requirements, unless deposit is greater than 1 month’s rent, in which case it must be placed into an interest-bearing account<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> (no statutory guidelines)
\nDeadline for return:<\/strong> 45 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> Must be kept in an escrow account in a federally insured financial institution based in Oklahoma<\/p>\n<\/div>\n\n
<\/p>\n
Amount limits:<\/strong> No limit, but landlord may increase deposit amount within the first year of the lease only if both parties agree to reasonable increases (such as a new pet) in the lease agreement
\nDeadline for return<\/strong>: 31 days
\nAcceptable reasons for deductions:<\/strong> Damage and repairs other than normal wear and tear, unpaid rent, or other costs associated with violations of lease terms
\nMaintenance of funds:<\/strong> (no statutory guidelines)<\/p>\n<\/div>\n
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