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Security Deposit Laws

Security deposit laws vary by state. Some states impose limits on how much a landlord can charge for a security deposit. However, other states have no statutory limits, which means that there is no limit to the amount landlords can charge for a security deposit. Similarly, laws determining when a landlord must refund the security deposit also vary by state. The security deposit laws for some states specify that a landlord has thirty days to refund a security deposit. A landlord may make deductions for damages to the property and return only a portion of the security deposit. If this is the case, the landlord must give the tenant a written statement detailing the deductions. Damages include holes in walls, broken appliances, and burn marks. General wear and tear, such as faded paint, is usually not deducted from a security deposit. If a tenant violates the rental agreement, the landlord may be allowed to keep the full security deposit.

Fast Facts

  • In Nevada, a security deposit cannot exceed 3 months rent.
  • In California, security deposit limits are 2 months rent for an unfurnished property and 3 months rent for a furnished property, with an additional 1/2 months rent if the tenant has a water bed
  • Alabama and Tennessee are among the states that have no limits on the amount of a security deposit.

security deposit laws - Lawyers, Articles and Q&A

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Articles

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  • Security Deposit Refund Laws and Rights

    Once a tenant and a property owner come to an agreement regarding the rent of a piece of property the tenant m...
    • Site: landlordtenantlawfirms.com
    • 1 of 1 user(s) found this useful
  • Security Deposit Laws - Time Limit Statutes by State

    Security deposit laws vary from state to state in the United States and it is important for landlords, tenants...
    • Site: landlordtenantlawfirms.com
  • Security Deposit Laws

    A security deposit is a deposit given to a landlord by a tenant to cover damage to the premises caused by the ...
    • Site: realestatelawyers.com
    • 4 of 5 user(s) found this useful
  • Security Deposit Disputes and Laws

    A security deposit is an advance rental payment that is usually collected by the landlord prior to or at the t...
    • Site: lawfirms.com
  • Security Deposit Demand Letter and Settlements

    In most cases, when a tenant rents property or an apartment from a landlord, that landlord will require a secu...
    • Site: landlordtenantlawfirms.com

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From Around the Web

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  • Always Be Consistent

    The Fair Housing Act (as well as various state and local anti discrimination laws) sets some limits with respe...
    • Site: lexblog.com

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