• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
SimplifyEm Property Management Software Logo

510-790-9066
510-790-9066
》​Sign​ In
  • Features
    • Accounting Software
    • Reconciliation
    • Tenant Screening
    • 1099 E-filing
    • Reports
    • Communication Center
    • Integrated Rental Application
    • Rental Listing
    • Online Rent Payments
    • Tenant Portal
  • Property Management
    • Online Rent Payments
    • Tenant Screening
    • Rental Listings
    • SimplifyEm CRM
    • FAQ
  • Rental Forms
    • Lease Agreement
    • Rental Application
    • Notice to Vacate
    • Notice to Quit
    • Lease Termination
    • Notice to Pay Rent
    • Rental Inspection
    • Eviction Notice
  • Pricing
  • Reviews
  • Schedule Demo
  • FREE TRIAL!
  • 》​Sign​ In

Landlords in Connecticut – Guide to Security Deposits For Tenants

Filed Under: Rental Laws & Taxes

Most landlords require new tenants to give a security deposit when the new tenant moves in. The security deposit is a payment that is held by the landlord and that is used to protect the landlord from damages to the apartment that may be caused by the tenant during the lease period and that may be used by the landlord for unpaid rent. A security deposit is not applied to the rent bill but is completely separate.

By law, the security deposit may not be any more than two months’ rent; however, if the tenant is 62 years old or older, it may not be more than one month’s rent. The deposit is held by the landlord in an account (escrow account) for the benefit of the tenant; the landlord merely has a security interest in (rights to the deposit if damage is caused or the rent is unpaid) the funds.

The law requires the landlord to put the full amount of the security deposit in an escrow account where it will earn annual interest at a rate set by the Banking Commissioner. The tenant gets credit for the interest for all months in which the rent is paid on time (within the grace period that is set up in the lease). Except in certain situations, the tenant will not receive interest for any months in which the rent was paid after the grace period. A landlord who does not pay the interest due on the security deposit may be sued by the tenant for the amount or may be subject to a fine.

Source: www.jud.ct.gov

Related posts:

  1. Landlords Responsibilities in Connecticut towards Tenants
  2. Landlords in Connecticut – When To Return the Security Deposit
  3. Landlords in Connecticut – Increasing Rent Guidelines
  4. Landlords in Louisiana- Guidelines to Follow with Security Deposits

Primary Sidebar

SimplifyEm
Streamline Your Property Management

Schedule A FREE Demo

Table Of Contents

SimplifyEm

  • Property Management Software
  • SimplifyEm Reviews
  • About Us
  • Pricing
  • SimplifyEm CRM
  • Terms and Conditions
  • Privacy Policy
  • SimplifyEm Security

Features

  • Property Management
  • Online Rent Payments
  • Affordable Tenant Screening
  • Rental Listing
  • Request Demo
  • Accounting Software
  • Reconciliation
  • Tenant Screening
  • 1099 eFiling Feature
  • Reports
  • Communication Center
  • Integrated Rental Application
  • Rental Listing
  • Online Rent Payments
  • Tenant Portal

Forms

  • Lease Agreement
  • Notice To Quit
  • Notice To Pay Rent
  • Rental Application
  • Rental Inspection
  • Lease Termination
  • Eviction Notice

Resources

  • Blog
  • Property Management Companies
  • Law
  • Buzz
  • FAQ

Company

  • Contact Us
  • Support
  • Press And Media
  • Career


SimplifyEm Property Management Software Logo

Follow us

Facebook Instagram Twitter LinkedIn YouTube

Download App

Google Play App Store
       

Copyright © 2025 SimplifyEm Inc. · All rights reserved.