Security Deposit Calculator

What is a Security Deposit?

A security deposit is money collected by a landlord before move-in to protect against potential damages, unpaid rent, or cleaning costs. States regulate how much can be charged, how it must be stored, and when it must be returned.

State-by-State Limits

Security deposit limits vary dramatically by state:

• Strict Limits: States like California cap deposits at 1-2 months' rent (depending on property size and furnishing status)
• Moderate Limits: States like Florida and Texas allow 2-3 months' rent
• No Limits: Some states have no statutory maximum, relying on "reasonableness" standards

Refund Timelines

States also mandate how quickly landlords must return deposits after move-out:

• Fast (14-21 days): Arizona, Connecticut, Massachusetts, Nevada, Utah
• Standard (30 days): California, Illinois, New York, Texas, Washington
• Extended (45-60 days): Arkansas, Maryland, North Dakota, Virginia

What Can Be Deducted?

Landlords can typically deduct for:

• Unpaid rent (including final month if not paid)
• Repairs for damage beyond normal wear and tear
• Cleaning fees if unit left unreasonably dirty
• Unpaid utilities (in some states)

Normal wear and tear (faded paint, minor scuffs, carpet wear from foot traffic) cannot be deducted.

Interest on Deposits

Some states require landlords to pay interest on security deposits:

• Mandatory Interest: Connecticut, Florida, Illinois, Iowa, Maryland, Massachusetts, Minnesota, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Pennsylvania, Virginia
• Interest Rates: Range from 1% to 5% annually, or tied to savings account rates
• Threshold Requirements: Some states only require interest if deposit is held over 1 year or exceeds certain amounts

Penalties for Late Return

If a landlord fails to return your deposit within the legal timeframe, many states impose penalties:

• Forfeiture of Deduction Rights: Landlord loses right to make any deductions
• Double or Triple Damages: Tenant can sue for 2x or 3x the withheld amount
• Attorney Fees: Landlord must pay tenant's legal costs