Security deposit rules vary widely. This overview highlights common state requirements and practical steps to remain compliant and reduce disputes.
State Comparisons and Common Requirements
Notice periods, allowable deductions, and maximum deposit amounts differ by state and sometimes by city.
Maintain clear move-in/move-out documentation to justify any deductions.
Best Practices for Handling Deposits
Use dedicated trust accounts where required, and provide itemized statements for deductions.
Communicate timelines and procedures to tenants at move-in.
Conclusion
A consistent deposit process and good documentation reduce disputes and liability. Always check local law and update policies accordingly.
