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Updated almost 2 years ago on . Most recent reply

Jill Keller's profile image
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Jill Keller
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Jill Keller's profile image
Jill Keller's profile image
Jill Keller
  • Member since May 15, 2022
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Jill Keller
7
Votes |
19
Posts
General Landlording & Rental Properties

Security Deposit Amount

Jill Keller
Posted

How much do people typically charge for a security deposit? Is 2 months reasonable? I live in Indiana. I used to typically do 1 month but I've had tenants try and not pay the last month so i want to cover my grounds incase there are any damages.

Indianapolis, Indiana
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Richard F.'s profile image
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Richard F.
  • #1 Tenant Screening Contributor
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Richard F.'s profile image
Richard F.'s profile image
Richard F.
  • #1 Tenant Screening Contributor
  • Property Manager
  • from Honolulu, HI
  • Member since Jan 5, 2008
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Richard F.#1 Tenant Screening Contributor
  • Property Manager
  • Honolulu, HI
1,583
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Richard F.#1 Tenant Screening Contributor
  • Property Manager
  • Honolulu, HI
Replied
Aloha,

You need to check local landlord/tenant laws, as they typically limit what you are allowed to charge and/or collect.
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