The rule
- Deposit limit
- No limit
- Return deadline
- 45 days
- Interest owed
- Not required
- Itemized deductions
- Required
- The limit
- No statutory limit.
- The deadline
- Within 45 days after the tenancy ends and possession is delivered, with an itemized list of deductions; the landlord is not liable until the tenant provides a mailing address in writing.
- Interest
- State law doesn’t require interest on the deposit.
- Deductions
- The landlord must give you an itemized list of anything kept from the deposit.
- If it isn’t returned
- Tenant may recover the deposit due plus reasonable attorney’s fees and court costs; failing to send the itemized list is treated as agreeing that no damages are due.
Law: Ind. Code §§ 32-31-3-12, 32-31-3-14, 32-31-3-16
Last reviewed September 30, 2026
Not legal advice. Statutes change; check the linked section.