Verify security deposit accounts and accrued interest. Maryland security deposits must be placed within 30 days in an interest-bearing account used only for deposits at a Maryland branch of a federally insured institution and returned within 45 days after the tenancy ends with interest at the greater of 1.5 percent or the 1-year Treasury rate set each January, so review each deposit account and its accrued interest yearly, and at move-out send any itemized damage list by first-class mail with proof such as certified mail, since a late or missing list forfeits the right to withhold and wrongful withholding can cost up to three times the amount.
The Maryland rule
Each rule shows its schedule, its primary sources, and the date it was last verified.
Related rules in Maryland
The Maryland guide lists every compliance obligation, the seasonal maintenance calendar, and baseline upkeep.
Open the Maryland landlord guide · Security deposit interest in every state
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This guide is the reading version of the Landautomate Maryland rule base. In the app, the same rules become dated tasks on each Maryland property, timed to its purchase date, lease dates, age, and climate, with an email before each one is due. The free preview shows a sample of that schedule for Maryland in under a minute, no account needed.
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