{"id":7021,"date":"2017-03-16T13:09:28","date_gmt":"2017-03-16T20:09:28","guid":{"rendered":"https:\/\/www.rentecdirect.com\/blog\/?p=7021"},"modified":"2017-03-16T13:10:07","modified_gmt":"2017-03-16T20:10:07","slug":"security-deposit-state-guide","status":"publish","type":"post","link":"https:\/\/www.rentecdirect.com\/blog\/security-deposit-state-guide\/","title":{"rendered":"Security Deposit Laws, Limits &#038; Deadlines &#8211; State Guide for Rentals"},"content":{"rendered":"<p><a href=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2017\/03\/Security-Deposit-Laws-Limits-Deadlines-for-Landlords-Property-Managers-Renters.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7057\" src=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2017\/03\/Security-Deposit-Laws-Limits-Deadlines-for-Landlords-Property-Managers-Renters.png\" alt=\"Security Deposit Laws\" width=\"560\" height=\"315\" srcset=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2017\/03\/Security-Deposit-Laws-Limits-Deadlines-for-Landlords-Property-Managers-Renters.png 560w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2017\/03\/Security-Deposit-Laws-Limits-Deadlines-for-Landlords-Property-Managers-Renters-300x169.png 300w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2017\/03\/Security-Deposit-Laws-Limits-Deadlines-for-Landlords-Property-Managers-Renters-352x198.png 352w\" sizes=\"(max-width: 560px) 100vw, 560px\" \/><\/a>A complete state-by-state guide for landlords, property managers, and renters on security deposit laws for maximum limits and deadlines for refunding the funds to a tenant.<\/p>\n<p>This guide provides a quick reference to each state&#8217;s:<\/p>\n<ul>\n<li>Maximum amount of allowable security deposit<\/li>\n<li>The number of days a landlord\/property manager has to return deposit fund or accounting paper if any deductions were made.<\/li>\n<li>If the state requires a landlord\/property owner to pay a tenant interest earned on security deposit funds.<\/li>\n<\/ul>\n<p>Learn more about <a href=\"https:\/\/www.rentecdirect.com\/blog\/security-deposit-laws\/\">Rental Laws About Security Deposits<\/a><\/p>\n<h3>Maximum amount of Security Deposit.<\/h3>\n<p><span style=\"font-weight: 400;\">State statutes issue laws about much a landlord is allowed to collect for a security deposit. Some states have no limit, while others only allow a landlord to collect an amount equal to one month\u2019s rent.<\/span><\/p>\n<h3>Number of Days to Return the Remaining Deposit Funds or Accounting Paperwork.<\/h3>\n<p><span style=\"font-weight: 400;\">Each state establishes a different timeline in which a landlord must return the security deposit to their tenant. If a landlord does not meet this timeline, a tenant could potentially sue the landlord and keep all the of the deposit funds. Refund timing can range from 14 days (like <\/span><a href=\"http:\/\/www.capitol.hawaii.gov\/hrscurrent\/Vol12_Ch0501-0588\/HRS0521\/HRS_0521-0044.htm\"><span style=\"font-weight: 400;\">Hawaii<\/span><\/a><span style=\"font-weight: 400;\">) to 45 days (like <\/span><a href=\"http:\/\/codes.findlaw.com\/in\/title-32-property\/\"><span style=\"font-weight: 400;\">Indiana<\/span><\/a><span style=\"font-weight: 400;\">).<\/span><\/p>\n<h3>Interest earned on Security Deposit Funds.<\/h3>\n<p><span style=\"font-weight: 400;\">Most states require that security deposit funds belong to the tenant and must be kept in a separate bank account. Some states, like Connecticut and Florida, require that a landlord pay any interest earned on the security deposit funds back to the tenant, either at the end of tenancy or annually. Check your state laws to see what your obligations are regarding interest earned on a security deposit. In some cases, landlords or property managers are eligible to keep interest. <\/span><\/p>\n<h3>Exceptions to Security Deposit Laws<\/h3>\n<p><span style=\"font-weight: 400;\">Remember that your city or county, particularly if your rental property is covered by rent control, might have different landlord-tenant and security deposit laws than those at the state level.<\/span><\/p>\n<p>Look for your state in the list below to discover what your state&#8217;s laws say about security deposit laws. This guide is a reference and does not count as legal advice &#8211; we always advise that you speak with a landlord-tenant attorney in your state if you need further clarification or help with a particular issue.<\/p>\n<p>Relevant statues and state laws were used to create this article and are provided for you in each section to reference.<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"Alabama\">Alabama Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> Equivalent to one month\u2019s rent <\/span><\/p>\n<p><span style=\"font-weight: 400;\">(A landlord can also collect an additional deposit for pets, tenant alterations, or increase liability)<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">60 days after the end of tenancy <\/span><\/p>\n<p><b><i>(<\/i><\/b><a href=\"http:\/\/alisondb.legislature.state.al.us\/alison\/codeofalabama\/1975\/35-9A-201.htm\"><i>Act 2006-316, p. 668, \u00a71; Act 2014-279, p. 886, \u00a71.<\/i><b><i>)<\/i><\/b><\/a><\/p>\n<hr \/>\n<h2 id=\"Alaska\">Alaska Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit<\/b><span style=\"font-weight: 400;\">: Equivalent to 2 months\u2019 rent, unless rent exceed $2,000 per month. (A landlord can ask of an additional pet deposit).<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">14 days if the tenant gave proper notice to terminate tenancy. A landlord has 30 days to return the deposit if the tenant hasn\u2019t given proper notice.<\/span><\/p>\n<p><em>(<a href=\"http:\/\/www.law.state.ak.us\/pdf\/consumer\/LandlordTenant09_web.pdf\">The Alaska Landlord &amp; Tenant Act<\/a><\/em>)<\/p>\n<hr \/>\n<h2 id=\"Arizona\">Arizona Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> Equivalent to one and half month\u2019s rent<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">14 days after the tenant has moved out<\/span><\/p>\n<p><em>(<a href=\"http:\/\/www.azleg.gov\/viewdocument\/?docName=http:\/\/www.azleg.gov\/ars\/33\/01321.htm\">Ariz. Rev. Stat. Ann. \u00a7\u00a7 33-1321<\/a>)<\/em><\/p>\n<hr \/>\n<h2 id=\"Arkansas\">Arkansas\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">Equivalent to 2 months\u2019 rent<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">60 days after a tenant has moved out<\/span><\/p>\n<p><em>(<a href=\"https:\/\/arkansasrealtors.com\/wp-content\/uploads\/2015\/08\/2014-Landlord-Tenant-Handbook-FINAL.pdf\">The Arkansas Landlord\/Tenant Handbook<\/a>)<\/em><\/p>\n<hr \/>\n<h2 id=\"California\">California\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> Equivalent to 2 months\u2019 rent for unfurnished rentals or equivalent to 3 months\u2019 rent for a furnished rental.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">21 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.dca.ca.gov\/publications\/landlordbook\/index.shtml\"><span style=\"font-weight: 400;\">The California Landlord\/Tenant Book<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Colorado\">Colorado Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">One month, unless stated otherwise in the lease agreement but may not exceed 60 days. <\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<a href=\"http:\/\/www.lexisnexis.com\/hottopics\/colorado\/?source=COLO;CODE&amp;tocpath=1S9YBPRO2JO8SSPMH,22QCH5SGPOIB4BIKR,39BDO43DFOQC9FNJK;10GKQQR4B3HXJO69E,2ASCL8Y8IO2QOIPS1,3KUZJGWFIFO4BVM0Q;1OI3P0QOULQQROQ4H,2XJCHAEASC1L29IOQ,3GTIPKNZYZJ0CLKFO&amp;shortheader=no\">Colorado Revised Statutes &#8211; Tenants and Landlords<\/a>)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Connecticut\">Connecticut\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit<\/b><span style=\"font-weight: 400;\">: Equivalent to 2 month\u2019s rent unless the tenant is older than 62 years-old. Renters over the age of 62 years may pay a security deposit equivalent to 1 month\u2019s rent.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: Within 30 days after termination of tenancy. <\/b><\/p>\n<p><b>Interest: <\/b><span style=\"font-weight: 400;\">Connecticut landlords must pay tenant any incurred interest on the security deposit when refunding any security deposit funds after damages have been deducted.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"https:\/\/www.cga.ct.gov\/current\/pub\/chap_831.htm#sec_47a-21\"><span style=\"font-weight: 400;\">Connecticut General Statutes- Sec. 47a-21. Security Deposits<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Delaware\">Delaware\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit<\/b><span style=\"font-weight: 400;\">: One month\u2019s rent for lease agreements for one year or more. For month-to-month agreements, there is no legal limit. Landlord\u2019s may require an additional pet deposit. <\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">20 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<a href=\"http:\/\/attorneygeneral.delaware.gov\/documents\/llt_summary_for_tenants_022514.pdf\">A Summary of the Delaware Residential Landlord-Tenant Code<\/a>)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Florida\">Florida\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return<\/b> <b>the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">15 to 60 days after the keys have been returned and the property is vacated. \u00a0Timeline depends on whether any deductions are intended to cover damages. \u00a0<\/span><\/p>\n<p><b>Interest: <\/b><span style=\"font-weight: 400;\">Required to pay the tenant any interest earned on the security deposit (annually and at the end of the tenancy), though no interest need be paid to a tenant who wrongfully terminates the lease early.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(<\/span><em><a href=\"http:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;Search_String=&amp;URL=0000-0099\/0083\/Sections\/0083.49.html\"><span style=\"font-weight: 400;\">Florida Statutes- Title IV, Chapter 83.49 &#8211; Deposit money or advance rent<\/span><\/a><\/em><span style=\"font-weight: 400;\">)<\/span><\/p>\n<hr \/>\n<h2 id=\"Georgia\">Georgia\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork:<\/b><span style=\"font-weight: 400;\"> 30 days after vacancy to the last known address via first class mail.<\/span><\/p>\n<p><em>(<span style=\"font-weight: 400;\">\u00a0<\/span><a href=\"http:\/\/law.justia.com\/codes\/georgia\/2015\/title-44\/chapter-7\/\"><span style=\"font-weight: 400;\">Ga. Code Ann. \u00a7\u00a7 44-7-1 to 44-7-81<\/span>)<\/a><\/em><\/p>\n<hr \/>\n<h2 id=\"Hawaii\">Hawaii\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> Equivalent to one\u2019s month rent. May require an additional deposit of one month\u2019s rent if the tenant has a pet. Nonrefundable fees are not allowed.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">14 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"https:\/\/cca.hawaii.gov\/hfic\/files\/2013\/03\/landlord-tenant-handbook.pdf\"><span style=\"font-weight: 400;\">Handbook for the Hawaii Residential Landlord-Tenant Code<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Idaho\">Idaho\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">21 days, or up to 30 days if the tenant and landlord agree<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.ag.idaho.gov\/publications\/consumer\/LandlordTenant.pdf\"><span style=\"font-weight: 400;\">Idaho Landlord and Tenant Guidelines<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Illinois\">Illinois\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 &#8211; 45 days, depending on whether any deductions were made to cover damages and repairs. \u00a0A landlord has 45 days to return a deposit in full or 30 days to return a security deposit with an itemized statement of damages along with paid receipts.<\/span><\/p>\n<p><b>Interest: <\/b><span style=\"font-weight: 400;\">State law requires your landlord to pay you interest on your security deposit if it is held for at least six months and there are at least 25 units in your building or complex. Your landlord must pay you the interest or apply the interest as a credit to your rent every 12 months.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/illinoisattorneygeneral.gov\/consumers\/landlordtenantrights0404.pdf\"><span style=\"font-weight: 400;\">Illinois Attorney General &#8211; Landlord and Tenant Rights and Laws<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Indiana\">Indiana\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit<\/b><span style=\"font-weight: 400;\">: No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">45 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"https:\/\/www.lawserver.com\/law\/state\/indiana\/in-code\/indiana_code_title_32_article_31_chapter_3\"><span style=\"font-weight: 400;\">Indiana Code Annotated \u00a7 \u00a7 32-31-3-9 to 32-31-3-19<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Iowa\">Iowa Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">Equivalent to 2 months\u2019 rent.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"https:\/\/coolice.legis.iowa.gov\/Cool-ICE\/default.asp?category=billinfo&amp;service=IowaCode&amp;input=562A.12\"><span style=\"font-weight: 400;\">Iowa Code Annotated \u00a7 562A.12<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Kansas\">Kansas\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> Equivalent to one month\u2019s rent for unfurnished rentals; one and one-half month\u2019s rent for furnished rentals. Kansas landlords may require an additional deposit of up to one-half month\u2019s rent for pets.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.kansaslegalservices.org\/files\/THB.pdf\"><span style=\"font-weight: 400;\">Kansas Tenants Handbook<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/p>\n<hr \/>\n<h2 id=\"Kentucky\">Kentucky\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 to 60 days after the tenant has moved out, depending on whether the tenant disputes deductions taken out of the security deposit.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">( <\/span><a href=\"http:\/\/www.lrc.ky.gov\/statutes\/statute.aspx?id=35733\"><span style=\"font-weight: 400;\">Kentucky Revised Statutes Annotated \u00a7 383.580<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/p>\n<hr \/>\n<h2 id=\"Louisiana\">Louisiana\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">One month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(<\/span><em><a href=\"https:\/\/www.legis.la.gov\/Legis\/Law.aspx?d=107468\"><span style=\"font-weight: 400;\">Louisiana Revised Statutes Annotated \u00a7 9:3251<\/span><\/a><\/em><span style=\"font-weight: 400;\">)<\/span><\/p>\n<hr \/>\n<h2 id=\"Maine\">Maine\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> Equivalent to two months\u2019 rent.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days for a written or oral lease agreement or within 21 days for an at-will tenancy.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/legislature.maine.gov\/statutes\/14\/title14sec6032.html\"><span style=\"font-weight: 400;\">Maine Revised Statutes Annotated Title 14 \u00a7 \u00a7 6031 to 6038<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Maryland\">Maryland\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">Equivalent to 2 months\u2019 rent.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">45 days<\/span><\/p>\n<p><b>Interest: <\/b><span style=\"font-weight: 400;\">\u00a0Landlords in Maryland must also pay interest on security deposits of $50 or more.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.marylandattorneygeneral.gov\/Pages\/CPD\/landlords.aspx#deposits\"><span style=\"font-weight: 400;\">Maryland Attorney General &#8211; Landlords and Tenants<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Massachusetts\">Massachusetts\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> Equivalent to month\u2019s rent.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><b>Interest: <\/b><span style=\"font-weight: 400;\">\u00a0Landlords in Massachusetts must also pay tenants 5% interest on the security deposit per year, or the amount of interest paid by the bank (the bank must be in Massachusetts). Interest should be paid yearly, and within 30 days of the termination date.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"https:\/\/malegislature.gov\/Laws\/GeneralLaws\/PartII\/TitleI\/Chapter186\/Section15B\"><span style=\"font-weight: 400;\">Massachusetts General Laws Annotated Chapter 186 \u00a7 section 15B<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Michigan\">Michigan Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">Equivalent to one and one-half months\u2019 rent.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.legislature.mi.gov\/documents\/publications\/tenantlandlord.pdf\"><span style=\"font-weight: 400;\">Michigan Tenants and Landlords Handbook<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Minnesota\">Minnesota Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">Within 3 weeks after a tenant has surrendered the property and provided the landlord with a forwarding address; but within five days if the tenant must leave due to building condemnation.<\/span><\/p>\n<p><b>Interest: <\/b><span style=\"font-weight: 400;\">Landlords in Minnesota must also pay 1% simple noncompounded interest on the security deposit per year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(<\/span><em><a href=\"https:\/\/www.revisor.mn.gov\/statutes\/?id=504b.178\"><span style=\"font-weight: 400;\">Minnesota Statutes Annotated \u00a7 \u00a7 504B.175, 504B.178, and 504B.195<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Mississippi\">Mississippi\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">45 days.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(<\/span><em><a href=\"http:\/\/www.ago.state.ms.us\/wp-content\/uploads\/2014\/02\/Landlord-Tenant-Act.pdf\"><span style=\"font-weight: 400;\">Mississippi Code Annotated \u00a7 89-8-21<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Missouri\">Missouri\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> Equivalent to two months\u2019 rent.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.ago.mo.gov\/docs\/default-source\/publications\/landlord-tenantlaw.pdf?sfvrsn=4\"><span style=\"font-weight: 400;\">Missouri\u2019s Landlord-Tenant Law<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Montana\">Montana\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit<\/b><span style=\"font-weight: 400;\">: No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">Within 30 days or within 10 days if no deductions have been taken out.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/leg.mt.gov\/bills\/mca_toc\/70_25.htm\"><span style=\"font-weight: 400;\">Montana Code Annotated \u00a7 \u00a7 70-25-101 to 70-25-206<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Nebraska\">Nebraska\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">Equivalent to one month\u2019s rent; landlords may collect up to one and one-half rent for a deposit for tenants with pets.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">14 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/nebraskalegislature.gov\/laws\/statutes.php?statute=76-1416\"><span style=\"font-weight: 400;\">Nebraska Revised Statutes \u00a7 76-1416<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Nevada\">Nevada\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> Equivalent to three months\u2019 rent.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.leg.state.nv.us\/nrs\/nrs-118a.html\"><span style=\"font-weight: 400;\">Nevada Revised Statutes Annotated \u00a7 \u00a7 118A.240 to 118A.250<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"NewHampshire\">New Hampshire Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">Equivalent to one month\u2019s rent or $100, whichever is greater.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days; unless the landlord and tenant live together in which case other timelines apply.<\/span><\/p>\n<p><b>Interest: <\/b><span style=\"font-weight: 400;\">New Hampshire landlords must pay interest on security deposits held for a year or longer.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.doj.nh.gov\/consumer\/sourcebook\/renting.htm\"><span style=\"font-weight: 400;\">New Hampshire Revised Statutes Annotated \u00a7 \u00a7 540-A:5 to 540-A:8; 540-B:10<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"NewJersey\">New Jersey\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">Equivalent to one and one-half months\u2019 rent. An additional deposit may be collected annually but may be no greater than 10% of the <\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days; unless the tenant has vacated the premises due to a fire, flood, condemnation, or evacuation, in which case the landlord must return a security deposit within 5 days.<\/span><\/p>\n<p><b>Interest: <\/b><span style=\"font-weight: 400;\">Landlords in New Jersey must pay tenants interest earned on security deposits, either in annual interest payments or as credit toward payment of rent due.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.state.nj.us\/dca\/divisions\/codes\/publications\/pdf_lti\/sdepsit_law.pdf\"><span style=\"font-weight: 400;\">New Jersey Statutes Annotated \u00a7 \u00a7 46:8-19, 44:8-21, 44:8-26<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"NewMexico\">New Mexico\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> Equivalent to one month\u2019s rent for rental agreements less than one year; there is no state limit for rental agreements over one year.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><b>Interest<\/b><span style=\"font-weight: 400;\">: Landlords in New Mexico must pay annual interest on security deposits that are larger than one month&#8217;s rent on a year&#8217;s lease.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/law.justia.com\/codes\/new-mexico\/2011\/chapter47\/article8\/section47-8-18\"><span style=\"font-weight: 400;\">New Mexico Statutes Annotated \u00a7 47-8-18<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"NewYork\">New York\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts, especially regarding rent controlled or rent stabilized units.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">Within in a reasonable time frame after the tenant has vacated the property. \u201cReasonable\u201d is determined by a small claims court if necessary, but typically means a window of 21-45 days.<\/span><\/p>\n<p><b>Interest: <\/b><span style=\"font-weight: 400;\">Landlords of nonregulated units in buildings with six or more units must pay tenants interest on the security deposit. The interest can be subtracted from the rent, paid at the end of each year, or paid at the end of the tenancy (according to the tenant&#8217;s choice).<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"https:\/\/ag.ny.gov\/sites\/default\/files\/opinion\/2014-2_pw.pdf\"><span style=\"font-weight: 400;\">N.Y. General Obligations Law \u00a7 \u00a7 7-103 to 7-108<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"NorthCarolina\">North Carolina\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> Equivalent to one and one-half months\u2019 rent on a month-to-month lease and equivalent to two months\u2019 rent for a lease term longer than two months. North Carolina landlords can require an additional \u201creasonable\u201d, nonrefundable pet deposit.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.ncleg.net\/EnactedLegislation\/Statutes\/PDF\/ByChapter\/Chapter_42.pdf\"><span style=\"font-weight: 400;\">North Carolina General Statutes \u00a7 \u00a7 42-50 to 42-56<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"NorthDakota\">North Dakota\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit:<\/b><span style=\"font-weight: 400;\"> Equivalent to one\u2019s month rent. If a tenant has a pet, the deposit should not exceed $2,500 or the equivalent of two months\u2019 rent, whichever is greater.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><b>Interest: <\/b><span style=\"font-weight: 400;\">\u00a0North Dakota must pay the tenants interest on the deposit if tenancy is longer than 9 months. Interest must be paid to the tenant at the end of the lease.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.legis.nd.gov\/cencode\/t47c16.html\"><span style=\"font-weight: 400;\">North Dakota Century Code \u00a7 47-16-07.1<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Ohio\">Ohio\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><b>Interest: <\/b><span style=\"font-weight: 400;\">landlords in Ohio must pay interest on most security deposits at the rate of 5% per year, if the tenancy is longer than 6-months.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/codes.ohio.gov\/orc\/5321.16v1\"><span style=\"font-weight: 400;\">Ohio Revised Code Annotated \u00a7 5321.16<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Oklahoma\">Oklahoma\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">45 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"https:\/\/www.ok.gov\/OREC\/documents\/Landlord%20and%20Tenant%20Act%20Update.pdf\"><span style=\"font-weight: 400;\">Oklahoma Residential Landlord and Tenant Acts<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Oregon\">Oregon\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts. Landlords may not impose or increase a deposit within the first year of a tenancy unless both landlord and tenant agree to modify the rental agreement to allow for a pet or other cause<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">31 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"https:\/\/www.oregon.gov\/ohcs\/CRD\/mcrc\/docs\/oregon-revised-statute-chapter-090.html\"><span style=\"font-weight: 400;\">Oregon Revised Statutes \u00a7 \u00a7 90.300, 90.302<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Pennsylvania\">Pennsylvania\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">Equivalent to two months\u2019 rent during the first year of tenancy, and equivalent to one month\u2019s rent after the first year.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><b>Interest: <\/b><span style=\"font-weight: 400;\">Tenants who occupy a rental unit for two or more years are entitled to interest paid on the security deposit beginning on the 25th month of occupancy.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.legis.state.pa.us\/CFDOCS\/Legis\/PN\/Public\/btCheck.cfm?txtType=HTM&amp;sessYr=1985&amp;sessInd=0&amp;billBody=H&amp;billTyp=B&amp;billNbr=2329&amp;pn=3224\"><span style=\"font-weight: 400;\">Pennsylvania Consolidated Statutes Annotated Title 68 \u00a7 \u00a7 250.511a to 250.512<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"RhodeIsland\">Rhode Island\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">Equivalent to one month\u2019s rent.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">20 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/webserver.rilin.state.ri.us\/Statutes\/title34\/34-18\/34-18-19.HTM\"><span style=\"font-weight: 400;\">Rhode Island General Laws \u00a7 34-18-19<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"SouthCarolina\">South Carolina\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.scstatehouse.gov\/code\/t27c040.php\"><span style=\"font-weight: 400;\">South Carolina Code Annotated \u00a7 27-40-410<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"SouthDakota\">South Dakota\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">Equivalent to one month\u2019s rent. South Dakota allows a higher deposit if special conditions pose a danger to the maintenance of the property.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">2 weeks. If the landlord takes out any deductions from the deposit, the tenant may request accounting paperwork that must be provided within 45 days.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/sdlegislature.gov\/Statutes\/Codified_Laws\/DisplayStatute.aspx?Statute=43-32&amp;Type=Statute\"><span style=\"font-weight: 400;\">South Dakota Codified Laws Annotated \u00a7 \u00a7 43.32-6.1 and 43-32-24<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Tennessee\">Tennessee Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><b>Exceptions: <\/b><span style=\"font-weight: 400;\">The rule does not apply in counties that have a population of less than 75,000, according to the 2010 federal census or any subsequent federal census.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"https:\/\/www.tn.gov\/lawsandpolicies\/article\/66-28-301.-security-deposits\"><span style=\"font-weight: 400;\">Tennessee Code Annotated \u00a7 66-28-301<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Texas\">Texas\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.statutes.legis.state.tx.us\/Docs\/PR\/htm\/PR.92.htm\"><span style=\"font-weight: 400;\">Texas Property Code Annotated \u00a7 \u00a7 92.101 to 92.109<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Utah\">Utah\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"https:\/\/le.utah.gov\/xcode\/Title57\/Chapter17\/57-17.html\"><span style=\"font-weight: 400;\">Utah Code Annotated \u00a7 \u00a7 57-17-1 to 57-17-5<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Vermont\">Vermont\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">14 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/legislature.vermont.gov\/statutes\/section\/09\/137\/04461\"><span style=\"font-weight: 400;\">Vermont Statutes Annotated Title 9 \u00a7 4461<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Virginia\">Virginia\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">Equivalent to two months\u2019 rent.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">45 days<\/span><\/p>\n<p><b>Interest: <\/b><span style=\"font-weight: 400;\">Landlords in Virginia must pay accrued interest on all security deposits at an annual rate equal to 4% below the Federal Reserve Board discount rate as of January 1 of each year. No interest is payable unless the landlord holds the deposit for over 13 months after the date the rental agreement was signed, and there has been continuous occupancy of the same unit.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/law.lis.virginia.gov\/vacode\/title55\/chapter13.2\/section55-248.15:1\/\"><span style=\"font-weight: 400;\">Virginia Code Annotated \u00a7 55-248.15:1<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Washington\">Washington\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">21 days<\/span><\/p>\n<p><b>Exceptions: <\/b><span style=\"font-weight: 400;\">Security deposit rules do not apply to a lease of a single-family dwelling of a year or more.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/apps.leg.wa.gov\/rcw\/default.aspx?cite=59.18\"><span style=\"font-weight: 400;\">Washington Revised Code Annotated \u00a7 \u00a7 59.18.260 to 59.18.285<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"WestVirginia\">West Virginia\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">45 to 60 days, depending on whether a new tenant moves into the vacated property.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/www.legis.state.wv.us\/WVCode\/ChapterEntire.cfm?chap=37&amp;art=6A\"><span style=\"font-weight: 400;\">West Virginia Code \u00a7 \u00a7 37-6A-1 et seq<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Wisconsin\">Wisconsin\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">21 days<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"https:\/\/docs.legis.wisconsin.gov\/code\/admin_code\/atcp\/090\/134\/06\"><span style=\"font-weight: 400;\">Wisconsin Administrative Code, ATCP \u00a7 134.06<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/docs.legis.wisconsin.gov\/statutes\/statutes\/704\/28\"><span style=\"font-weight: 400;\">Wisconsin Statute \u00a7 \u00a0704.28<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<h2 id=\"Wyoming\">Wyoming\u00a0Security Deposit Laws<\/h2>\n<p><b>Maximum Security Deposit: <\/b><span style=\"font-weight: 400;\">No state law. Check with your local city and county laws for maximum security deposit amounts.<\/span><\/p>\n<p><b>Number of Days to Return the Remaining Deposit Funds and\/or Accounting Paperwork: <\/b><span style=\"font-weight: 400;\">30 days; the landlord may take an additional 30 days to return the deposit if there are deductions due to damages to the property.<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">(<\/span><a href=\"http:\/\/law.justia.com\/codes\/wyoming\/2013\/title-1\/chapter-21\/article-12\/section-1-21-1208\"><span style=\"font-weight: 400;\">Wyoming Statutes \u00a7 \u00a7 1-21-1207 and 1-21-1208<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<hr \/>\n<p><em><strong>Note<\/strong>: This guide is for educational purposes only and does not constitute as legal advise. Please speak with an attorney familiar with landlord-tenant law in your state if you require further clarification or need assistance.<\/em><\/p>\n<p>These laws are current as of March 16, 2017 and may not reflect recent legislation if viewed after this date.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A complete state-by-state guide for landlords, property managers, and renters on security deposit laws for maximum limits and deadlines for refunding the funds to a tenant. This guide provides a quick reference to each state&#8217;s: Maximum amount of allowable security deposit The number of days a landlord\/property manager has to return deposit fund or accounting [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":7058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[275],"tags":[7647,689],"class_list":["post-7021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","tag-laws","tag-security-deposits","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Security Deposit Laws, Limits &amp; 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