General info, not legal advice. Details

Maryland Security deposit limit

Last reviewed 2026-10-23

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

A security deposit may not exceed 1 month's rent per unit, regardless of the number of tenants. Up to 2 months' rent is allowed if the tenant qualified for state utility assistance, the lease requires utility payments to the landlord, and both agree in writing. DHCD guidance says the 1-month cap applies to leases signed on or after October 1, 2024.

Verified Source: Md. Code, Real Prop. § 8-203(b) · last checked 2026-10-23

Related Maryland rules

Deposit return deadline

Within 45 days after the tenancy ends, the landlord must return the security deposit with interest (the 1-year Treasury rate or 1.5% a year, whichever is greater), less damages rightfully withheld. Any withholding must be itemized in writing as required by § 8-203.1.

Verified Source: Md. Code, Real Prop. §§ 8-203(e), 8-203.1 · last checked 2026-10-23 · Full Maryland deposit return deadline page

Interest on deposits

Deposits must be held in an interest-bearing Maryland account at a federally insured institution used only for deposits, within 30 days. At return (within 45 days), the deposit includes simple interest at the 1-year Treasury yield-curve rate or 1.5% a year, whichever is greater. No interest is owed if the deposit was held less than 6 months.

Verified Source: Md. Code, Real Prop. § 8-203(d)–(e) · last checked 2026-10-15 · Full Maryland interest on deposits page

Move-in/move-out checklist

On request by certified mail within 15 days of moving in, the tenant can have the landlord inspect the unit with the tenant present and make a written list of existing damage. The deposit receipt must explain this right and the right to attend the move-out inspection.

Verified Source: Md. Code, Real Prop. § 8-203.1(a) · last checked 2026-10-15 · Full Maryland move-in/move-out checklist page

Same topic in neighboring states

All Maryland landlord-tenant law · Maryland landlord FAQ · Deposit return deadline · Notice to enter · Required lease disclosures · Required disclosures (mold, lead, radon, bedbug, asbestos, flood zone) · Move-in checklist

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