Security Deposit Laws
Maximum Amount: 2 months’ rent (§ 44-7-30.1).
- Receipt Required? No. However, the deposit must be kept in an escrow account, and the tenant must be informed in writing of the location of the account (§ 44-7-31).
Return Period: The deposit must be returned within 30 days of the landlord regaining possession of the dwelling (§ 44-7-34(a)).
- Itemized List Required? Yes. If the landlord withholds any of the deposit, they are required to provide the tenant with a written statement detailing the reasons, along with an itemized list of any damage (§ 44-7-34(a)).
Landlord Disclosures
Existing Property Damage Checklist: Before accepting a security deposit, the landlord must give the tenant a detailed list of any pre-existing property damage (§ 44-7-33(a)).
Flooding Propensity Notice: The landlord must inform the tenant in writing if the property has flooded at least three times in the previous five years (§44-7-20).
Landlord and Agent Identity: The landlord must inform the tenant in writing of the name(s) and address(es) of all owners and property managers at the beginning of the tenancy (§ 44-7-3).
Lead-Based Paint Disclosure: For residential units built prior to January 1, 1978, the landlord must disclose the presence of known lead-based hazards and provide an EPA-approved informational pamphlet (40 CFR § 745.113).
Security Deposit Bank Location: The tenant must be informed in writing of the location of the escrow account where their security deposit is being kept (§ 44-7-31).
Sample
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