Security deposit amounts vary greatly by market, but a national survey of renters* found that the typical amount in 2019 was $600. How much should a landlord charge for a security deposit? Tip: You can use Zillow Rental Manager to easily collect payments from tenants online, including security deposits, monthly rent and utilities. This resource is not a substitute for the advice or service of an attorney you should not rely on this resource for any purpose without consulting with a licensed attorney in your jurisdiction.Ī security deposit receipt functions as the tenant’s proof of payment, and it also indicates where the deposit is being held for the duration of the lease.Ī copy of the security deposit receipt should be shared with the tenant within 30 days of receiving the deposit. Landlord-tenant laws change rapidly and may be regulated at the federal, state and local levels. does not make any guarantees about the sufficiency of the information in or linked to from this guide, or that it’s compliant with current, applicable or local laws. ![]() ![]() Note: This guide is for informational purposes only.
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