The rule
- Deposit limit
- No limit
- Return deadline
- 21 days
- Interest owed
- Required
- Itemized deductions
- Required
- The limit
- No statutory limit.
- The deadline
- Three weeks after the tenancy ends and the landlord receives a mailing address; 5 days if the building is condemned.
- Interest
- 1% simple, non-compounded interest a year.
- Deductions
- The landlord must give you an itemized list of anything kept from the deposit.
- If it isn’t returned
- A landlord who fails to comply owes the withheld amount plus an equal penalty and interest. Bad-faith retention adds up to $500 in punitive damages (subds. 4, 7).
Last reviewed September 30, 2026
Not legal advice. Statutes change; check the linked section.