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What is a Security Deposit?
A security deposit is any advance rental payment other than an advance for the first month’s rent or a deposit for a key or any special equipment. A security deposit remains the tenant’s property, but the landlord holds a security interest in it. Security deposits must be kept in an escrow account in a Connecticut bank.
You can find more information on issues related to security deposits on the web at State of Connecticut Department of Banking, Rental Security Deposits
To Find Providers in Connecticut’s Community Resources Database:
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SOURCES: Security Deposits: Key Issues for Landlords and Tenants, Connecticut Department of Banking
PREPARED BY: 211/nl
CONTENT LAST REVIEWED: May2024