Security Deposits: What to Expect from Your Landlord

Q: When Isecurity deposits LW give my security deposit to a landlord, what do they do with that money and how long do they have to give it back to me after I move out?

A: The answer varies depending on where you live.  Some states (for example: Delaware and Maryland) require that the landlord keep the deposit in a separate account, but other states (Virginia and California) do not.  As far as returning the deposit to you, each state has their own laws on how long the landlord can take. Typically, the time period falls between 2-6 weeks after the tenant moves.   For a complete list of the security deposit laws in each state click here.

Security Deposit Laws

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s