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Security Deposit Law Center

From deposit limits, to holding and interest requirements, to refund deadlines, Obligo's state-by-state guides help renters and property managers stay informed, avoid disputes, and ensure compliance.

Security Deposit Law Center

We’ve compiled these resources to make ensuring your business is staying compliant, in and out of Obligo, as easy as possible

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Virginia: Key Points at a Glance

πŸ’° Deposit Cap: 2x Monthly Rent

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 45 days

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Wyoming: Key Points at a Glance

πŸ’° Deposit Cap: No

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: Varies

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West Virginia: Key Points at a Glance

πŸ’° Deposit Cap: No

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: Varies

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Washington: Key Points at a Glance

πŸ’° Deposit Cap: No

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: No

πŸ“« Return Window: 30 days

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Texas: Key Points at a Glance

πŸ’° Deposit Cap: No

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 30 days

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Wisconsin: Key Points at a Glance

πŸ’° Deposit Cap: No

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 21 days

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Vermont: Key Points at a Glance

πŸ’° Deposit Cap: No

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 14 days

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Utah: Key Points at a Glance

πŸ’° Deposit Cap: No

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 30 days

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Tennessee: Key Points at a Glance

πŸ’° Deposit Cap: No

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: No

πŸ“« Return Window: No

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Minnesota: Key Points at a Glance

πŸ’° Deposit Cap: No

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: Yes

πŸ“« Return Window: 3 weeks

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Oklahoma: Key Points at a Glance

πŸ’° Deposit Cap: No

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: No

β€πŸ“« Return Window: 45 days

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South Dakota: Key Points at a Glance

πŸ’° Deposit Cap: 1x Monthly Rent

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 14 days

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South Carolina: Key Points at a Glance

πŸ’° Deposit Cap: No

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

β€πŸ“« Return Window: 30 days

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Rhode Island: Key Points at a Glance

πŸ’° Deposit Cap: 1x Monthly Rent

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 20 days

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Pennsylvania: Key Points at a Glance

πŸ’° Deposit Cap: Varies – Dependent on Year of the LeaseΒ 

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: Varies

πŸ“« Return Window: 30 days

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Oregon: Key Points at a Glance

πŸ’° Deposit Cap: No

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 31 days

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North Dakota: Key Points at a Glance

πŸ’° Deposit Cap: 1x Monthly Rent

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: Yes

πŸ“« Return Window: 30 days

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Ohio: Key Points at a Glance

πŸ’° Deposit Cap: No

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: Varies – Dependent on Security Deposit Amount and Lease LengthΒ 

πŸ“« Return Window: 30 days

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North Carolina: Key Points at a Glance

πŸ’° Deposit Cap: Varies – Dependent on Lease Length

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: No

πŸ“« Return Window: 30 days

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New York: Key Points at a Glance

πŸ’° Deposit Cap: 1x Monthly RentΒ 

πŸ”’ Holding Requirements: YesΒ 

πŸ’Έ Interest Required: Yes (for properties with 6+ units)

πŸ“« Return Window: 14 daysΒ 

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New Mexico: Key Points at a Glance

πŸ’° Deposit Cap: Varies – Dependent On Lease Length

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: Yes

πŸ“« Return Window: 30 days

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New Jersey: Key Points at a Glance

πŸ’° Deposit Cap: 1.5x Monthly Rent

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: Yes

πŸ“« Return Window: 30 days

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Montana: Key Points at a Glance

πŸ’° Deposit Cap: No

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: Varies

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New Hampshire: Key Points at a Glance

πŸ’° Deposit Cap: 1x Monthly Rent

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: Yes

πŸ“« Return Window: 30 days

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Nevada: Key Points at a Glance

πŸ’° Deposit Cap: 3x Monthly Rent

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 30 days

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Nebraska: Key Points at a Glance

πŸ’° Deposit Cap: 1x Monthly Rent

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 14 days

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Missouri: Key Points at a Glance

πŸ’° Deposit Cap: 2x Monthly Rent

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: No

πŸ“« Return Window: 30 days

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Mississippi:Β 

Key Points at a Glance

πŸ’° Deposit Cap: Not SpecifiedΒ 

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 45 days

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Michigan: Key Points at a Glance

πŸ’° Deposit Cap: 1.5x Monthly Rent

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: No

πŸ“« Return Window: 30 days

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Massachusetts: Key Points at a Glance

πŸ’° Deposit Cap: 1x Monthly Rent

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: Yes

πŸ“« Return Window: 30 days

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Maryland: Key Points at a Glance

πŸ’° Deposit Cap: 1x Monthly Rent (with exceptions)

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: Yes

πŸ“« Return Window: 45 days

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Maine: Key Points at a Glance

πŸ’° Deposit Cap: 2x Monthly Rent

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: No

πŸ“« Return Window: 30 days

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Louisiana: Key Points at a Glance

πŸ’° Deposit Cap: Not Specified

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 30 days

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Kentucky: Key Points at a Glance

πŸ’° Deposit Cap: Not Specified

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: No

πŸ“« Return Window: Not Specified

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Kansas:Β Key Points at a Glance

πŸ’° Deposit Cap: 1x Monthly Rent for Unfurnished Properties; 1.5x Monthly rent for Furnished Properties

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 30 days

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Iowa: Key Points at a Glance

πŸ’° Deposit Cap: 2x Monthly Rent

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required:Β No, for the first 5 years of the tenancy. Yes, after year 5 of the tenancy

πŸ“« Return Window: 30 days

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Indiana: Key Points at a Glance

πŸ’° Deposit Cap: Not Specified

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 45 days

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Idaho: Key Points at a Glance

πŸ’° Deposit Cap: Not specified

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: No

πŸ“« Return Window: 21 days

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Illinois: Key Points at a Glance

πŸ’° Deposit Cap: Not Specified

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: Yes

πŸ“« Return Window: 30 days

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Arkansas: Key Points at a Glance

πŸ’° Deposit Cap: 2x Monthly Rent (applies only to landlords who rent out 6 or more dwellings)

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 60 days

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Hawaii: Key Points at a Glance

πŸ’° Deposit Cap: 1x Monthly Rent

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 14 days

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Georgia: Key Points at a Glance

πŸ’° Deposit Cap: 2x Monthly Rent‍

πŸ”’ Holding Requirements: Yes‍

πŸ’Έ Interest Required: No‍

πŸ“« Return Window: 30 days

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Florida: Key Points at a Glance

πŸ’° Deposit Cap: Not SpecifiedΒ 

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: Yes (if the deposit is held in an interest-bearing account)

πŸ“« Return Window: 15 days if no deductions; maximum of 60 days if deductions are made (30 days to provide notice of deductions to tenants + 15 days for tenants to dispute deductions + 30 days from the date of the notice of the landlord/property manager’s intent to charge to return any portion of the deposit remaining after deductions)

πŸ™‚ SDA Charge Window: 30 days

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DC: Key Points at a Glance

πŸ’° Deposit Cap: 1x Monthly Rent

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: Yes (under certain circumstances)

πŸ“« Return Window: 45 days

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Delaware: Key Points at a Glance

πŸ’° Deposit Cap: 1x Monthly Rent (with exceptions)

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: No

πŸ“« Return Window: 20 days

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Connecticut: Key Points at a Glance

πŸ’° Deposit Cap: 2x Monthly Rent (1x Monthly Rent for tenants 62+ years old)

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: Yes

πŸ“« Return Window: 21 days

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Colorado: Key Points at a Glance

πŸ’° Deposit Cap: 2x Monthly Rent

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 30 days (May be extended up to 60 days if the lease specifies)

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California: Key Points at a Glance

πŸ’° Deposit Cap: 1x Monthly Rent (with exceptions)

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: NoΒ 

πŸ“« Return Window: 21 days

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Arizona: Key Points at a Glance

πŸ’° Deposit Cap: 1.5x Monthly Rent

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 14 business days

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Alaska: Key Points at a Glance

πŸ’° Deposit Cap: 2x Monthly Rent (with exceptions)

πŸ”’ Holding Requirements: Yes

πŸ’Έ Interest Required: No

πŸ“« Return Window: 14 days (30 days if deductions apply)

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Alabama:Β Key Points at a Glance

πŸ’° Deposit Cap: 1x Monthly Rent (with exceptions)

πŸ”’ Holding Requirements: No

πŸ’Έ Interest Required: No

πŸ“« Return Window: 60 days

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Disclaimer

The Security Deposit Law Center is intended for general informational purposes only and is not legal advice. We make no representations or warranties as to its accuracy and completeness. Security deposit and security deposit alternative laws vary by jurisdiction and may change. You should not rely on any information contained herein to act (or refrain from acting) without first consulting with qualified legal counsel.

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