Security Deposit Regulations Limit on deposit amount: Connecticut caps security deposits for room rentals at two (2) months’ rent or one (1) month for tenants age 62 or older. Interest payments: Landlords must pay interest on deposits annually at the rate the Banking Commissioner sets. Interes...
Security Deposit Limits A maximum of two (2) months’ rent unless the tenant is older than 62, in which case the maximum is one (1) month’s rent. Security deposits must be stored in an escrow account and must accrue interest, except on late payments. ...
One of the most commontravel and vacation scamsis similar to a rental scam. A con artist will post a listing for a vacation rental that either doesn't exist or doesn't look as pictured, pressure you into acting quickly, and then ask you to submit a deposit before vanishing into the nig...
The Security Deposit shall be held by Landlord in a segregated account with a bank or other financial institution, without liability for interest, as security for the faithful performance by Tenant of all of the terms, covenants, and conditions of this Lease by Tenant to be kept and performed...