What is a security deposit in a lease?
A security deposit is money you pay upfront that the landlord holds and must return after you move out, minus lawful deductions for unpaid rent or damage beyond normal wear and tear. Most states cap how much can be charged and set a deadline (often 14–30 days) for returning it with an itemized list of any deductions.
Is it normal?
Universal and expected. The details, amount, where it's held, and how fast it's returned, are what vary and what your state may regulate.
What to watch for
- A deposit larger than your state's legal cap.
- "Non-refundable" deposits (often not allowed, fees and deposits differ).
- No stated deadline for return after move-out.
- Vague language allowing deductions for 'normal wear and tear.'
How to negotiate it
- Ask for a move-in inspection with photos to document existing damage.
- Request the deposit be kept in a separate or interest-bearing account where required.
- Get any 'non-refundable' fee clearly labeled and justified.
Example
"Tenant shall pay a security deposit of $1,500, refundable within 21 days of move-out less lawful deductions."
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Explain my leaseFrequently asked questions
How long does a landlord have to return my deposit?
It depends on your state, commonly between 14 and 30 days after you move out, along with an itemized statement of any deductions.
Can a landlord keep my deposit for normal wear and tear?
No. Deposits cover damage beyond ordinary wear, things like holes in walls or broken fixtures, not faded paint or minor carpet wear.