The rule
- Deposit limit
- 2 months’ rent
- Return deadline
- 30 days
- Interest owed
- Not required
- Itemized deductions
- Required
- The limit
- Limit does not apply where rent exceeds $2,000 a month. A separate pet deposit of up to 1 month’s rent is allowed.
- The deadline
- 14 days if the tenancy ended with proper notice and no damage deductions are made; otherwise 30 days after termination and delivery of possession.
- Interest
- Deposits must be kept in a trust account, but the statute does not require paying interest to the tenant.
- Deductions
- The landlord must give you an itemized list of anything kept from the deposit.
- If it isn’t returned
- Wilful noncompliance: tenant may recover up to twice the amount wrongfully withheld.
Last reviewed September 30, 2026
Not legal advice. Statutes change; check the linked section.