Maine security deposit rules

Maine limits security deposits to 2 months' rent. The deposit must be returned within the time stated in a written lease, not to exceed 30 days after termination; 21 days for a tenancy at will (measured from termination or surrender and acceptance, whichever is later)., with an itemised list of any deductions. No interest is owed on the deposit under state law.

Maximum deposit
2 months’ rent
2 months' rent
Return deadline
30 days
Within the time stated in a written lease, not to exceed 30 days after termination; 21 days for a tenancy at will (measured from termination or surrender and acceptance, whichever is later).
Interest
Not required
Statute

What the law requires

14 M.R.S. § 6032; § 6033

2 months' rent. Returned Within the time stated in a written lease, not to exceed 30 days after termination; 21 days for a tenancy at will (measured from termination or surrender and acceptance, whichever is later).. Landlord who misses the deadline forfeits the right to withhold any portion (§ 6033). No interest requirement. Deposit must be kept in a separate account (§ 6038 - not read in this pass). Cap excludes certain subsidized/specialty housing exceptions not reviewed here.

Move-out checklist

Related Maine rules

Frequently asked questions

How much can a landlord charge for a security deposit in Maine?

2 months' rent. Landlord who misses the deadline forfeits the right to withhold any portion (§ 6033). No interest requirement. Deposit must be kept in a separate account (§ 6038 - not read in this pass). Cap excludes certain subsidized/specialty housing exceptions not reviewed here.

How long does a landlord have to return a security deposit in Maine?

Within the time stated in a written lease, not to exceed 30 days after termination; 21 days for a tenancy at will (measured from termination or surrender and acceptance, whichever is later).. The statute is 14 M.R.S. § 6032; § 6033.

Does a Maine landlord have to pay interest on the security deposit?

No. Maine law does not require interest on residential security deposits.

Deposit rules in other states