Landautomate

Security deposit interest by state

A handful of states and cities require landlords to pay or credit interest on security deposits. This table lists each state with a verified interest rule in the Landautomate rule base and the date the rule was last verified.

12 states with a verified rule

StateRuleLast verified
ConnecticutPay annual security deposit interest on tenancy anniversarySeptember 2026
District of ColumbiaConfirm deposit escrow and post the year-end interest noticeSeptember 2026
IllinoisIf your rental is in Chicago, pay deposit interest after each lease yearSeptember 2026
MarylandVerify security deposit accounts and accrued interestSeptember 2026
MassachusettsPay annual security deposit interest and issue statementSeptember 2026
MinnesotaReview the 1% interest owed on each security depositSeptember 2026
New HampshireReview interest owed on security deposits held a year or longerSeptember 2026
New JerseyPay annual security deposit interest and give account noticeSeptember 2026
New MexicoPay yearly interest on deposits over one month's rentSeptember 2026
New YorkPay or credit annual security deposit interest (6+ unit buildings)September 2026
North DakotaHold deposits in interest-bearing account; pay interest at move-outSeptember 2026
OhioPay 5% annual interest on large security depositsAugust 2026

No verified rule yet for: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

All topics · State guides

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