Pennsylvania security deposit laws are detailed under the Pennsylvania Landlord and Tenant Act. These laws provide clear guidelines on how landlords must handle security deposits, ensuring both landlords and tenants are aware of their rights and responsibilities under Pennsylvania law. Please note that rules and regulations may vary by municipality.
During the first year of a lease, the amount of the security deposit cannot exceed two months’ rent.
At the beginning of the second year of a lease, the amount of the security deposit cannot exceed one month’s rent.
At the beginning of the third year of a lease, the landlord must put any security deposit over $100.00 in an interest-bearing bank account, unless the landlord obtains a bond.
Must be interest-bearing if tenant is in 3rd year of occupancy.
Landlords must inform tenants in writing of the name and address of the bank where the security deposit is held. This notice must be provided within 30 days of receiving the deposit.
A tenant who occupies a unit or dwelling for two or more years is entitled to interest on their security deposit, beginning with the 25th month of occupancy.
The landlord must give you the interest earned by the account (minus a one percent fee which the landlord may retain for their costs) at the end of the third and each subsequent year of tenancy.
The landlord must notify the tenants in writing of the name and address of the banking institution where the security deposit is held.
Landlords must return the security deposit, along with any accrued interest, within 30 days after the tenant vacates the property. An itemized list of deductions must be provided if there are any.
An itemized list of deductions must be provided within 30 days after the tenant vacates the property.
Tenants may file a claim in small claims court if they believe the security deposit has been wrongfully withheld.
Pennsylvania landlords may deduct from the security deposit for:
If landlords fail to comply with the requirements, they may be liable for the return of the full deposit, plus damages up to twice the amount of the deposit, and potential attorney’s fees.
Military Service: Tenants called to active military duty may have additional protections regarding their security deposit.
Health and Safety Violations: If a tenant ends the lease due to significant health or safety issues, they may be entitled to a full refund of the deposit.
Foreclosure: In the case of foreclosure, the new property owner may be responsible for returning the security deposit to the tenant.
DISCLAIMER: Security deposit laws may vary by county or municipality. The information provided by Build Whale, Inc. is for general informational purposes only and should not be construed as legal advice. It is not a substitute for consultation with a qualified attorney. While we strive to provide accurate and up-to-date information, Build Whale, Inc. makes no guarantees or warranties regarding the accuracy, completeness, or reliability of the information presented.