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Managing The Property : Legal

Security Deposit Law Security Deposit laws vary by state. You have an obligation to return security deposits to tenants within the prescribed dedlines. Always check with your local apartment association or manager to see if these dates are accurate.

Alabama: No statutory deadline

Alaska: 14 days if the tenant gives proper notice to terminate tenancy; 30 days if the tenant does not give proper notice

Arizona: 14 days

Arkansas: 30 days

California: The landlord can charge no more than 2 months' rent for an unfurnished apartment as a security deposit, and 3 months for a fully furnished unit. Within 21 days after you leave the unit, the landlord must refund your full deposit, except for certain deductions. The landlord must either deliver or mail the full deposit or a statement of deductions and the balance of the deposit to the last known address of the tenant. Any deductions over $250.00 must be itemized and receipts must be provided to the tenant.

Colorado: The law requires the landlord return the security deposit or an itemized statement of the deductions and balance, if any, to the tenant within 30 days after termination of the lease or the surrender and acceptance of the premises, whichever occurs last. The landlord must either deliver or mail the full deposit or a statement of deductions and the balance of the deposit to the last known address of the tenant. If the landlord fails to provide a written statement of deductions and the balance of the deposit in full within the specified time, the landlord forfeits his right to withhold any portion of the security deposit

Connecticut: 30 days, or within 15 days of receiving tenant's forwarding address, whichever is later. The landlord may be responsible for up to double the amount of the security deposit for failing to return the deposit.

Delaware: If the landlord is not entitled to all or any portion of the security deposit, the landlord shall remit the security deposit within 20 days of the expiration or termination of the rental agreement.

District of Columbia: 45 days

Florida: 15 to 45 days depending on whether tenant disputes deductions

Georgia: One month

Hawaii: 14 days

Idaho: 21 days, or up to 30 days if landlord and tenant agree

Illinois: 30-45 days depending on whether deductions were made. These rules depend on the city and can vary. Single condo units are exempt.

Indiana: 45 days

Iowa: 30 days

Kansas: The security deposit can be one month's rent for an unfurnished apartment; 1 1/2 month's for furnished and an added 1/2 month's for pets. The landlord must return the deposit within 30 days or the remainder of the deposit and an itemized list of deductions.

Kentucky: 30-60 days depending on whether tenant disputes deductions Landlords may require a deposit equal to one month's rent. The landlord must keep all tenants' deposit money together in a separate account used only for that purpose. This information must be included in the lease.

Louisiana:  30 days. A deposit may be kept for unreasonable wear to the apartment. There may be fines to the landlord for not compiling within thirty days.

Maine: 21 days (tenancy at will) or 30 days (written rental agreement)

Maryland: 30-45 days

Massachusetts: 30 days

Michigan: 30 days

Minnesota: Three weeks after tenant leaves, and landlord receives mailing address. Mississippi - 45 days

Missouri:  A landlord can require a maximum two months' rent as a security deposit. At the end of the lease, the landlord has 30 days to return the security deposit with an itemized list of damages.

Montana: 30 days

Nebraska: 14 days

Nevada: 30 days

New Hampshire: 30 days

New Jersey: 30 days;

New Mexico: 30 days

New York: Varies. Within a "reasonable period of time"

Wyoming:No statutory deadline

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