Security Deposit Laws by State
Stay in compliance with detailed, up-to-date guides for every state
Security deposits help protect landlords against missed payments and damages, but they're burdensome to administer and can be costly if you fail to comply with local and state laws. Landlords must make sure they're not exceeding security deposit limits, return deposits within the allowed window after move-out, comply with restrictions on how the security deposit can be held and how to notify the tenant, and pay interest where required. Just one small mistake can lead to disputes, costly penalties, legal fees, and damage to your reputation.
Staying compliant with the latest laws and regulations creates a lot of work and risk for your team. If you're tired dealing with the effort and stress of security deposits, consider partnering with Whale, the first win-win solution that takes security deposits completely off your plate for free.
Take security deposits off your plate - for free
