Alaska security deposit account for landlords
Easily collect and manage deposits for every property with dedicated security deposit accounts.
Why use a security deposit account in {{ state }}
Security deposit funds are instantly separated, making move-in, move-out, and returns completely clear.
Benefits for property
owners
Repair and maintenance
Covers property damage such as paint, carpet, or floor damage, including costs caused by pets.
Fund separation
Meet state requirements for holding deposits in a dedicated tenant security deposit account.
Streamlined returns
Simplifies refunding tenants while accounting for deductions like cleaning or unpaid utilities.
Benefits for tenants
Fair protection
Funds are protected from misuse, covering only actual repair costs like cleaning, carpet replacement, or floor damage.
Transparency on deductions
Tenants can clearly see allowable charges, protecting against unfair claims on normal wear and tear.
Savings potential
Deposits may be held in a tenant security deposit account or rental deposit account that earns security deposit interest, helping tenants recover more than they put in.
Baselane accounts cannot hold security deposits in states requiring escrow or state-based accounts, but can be used to collect, track, and securely transfer deposits to compliant external accounts.
{{ state }} security deposit account
Each tenant’s security deposit in Alaska must be placed in a trust account in a bank or savings and loan association, or with a licensed escrow agent.
{{ state }} security deposit
limits
The maximum security deposit in Alaska is two months’ rent, which also includes any prepaid rent you collect.
{{ state }} security deposit interest
Security deposit interest rate doesn’t apply in Alaska, as state law security deposit rules don’t offer any official guidelines about paying interest on security deposits in Alaska.
Go beyond standard security deposit accounts
Collect, return, and track deposits by tenant and
property, even when funds are held in external accounts.
{{ state }} security deposit accounts
Keep every deposit organized and accounted for with secure transfers to [State] security deposit accounts.
Unlimited accounts for all entities
Manage deposits for all entities under one login — LLCs, corporations, partnerships, and individuals.
Free online payments
Collect rent and deposits online for free and easily return deposits via ACH, wire, or check.
Automated bookkeeping
Track and tag payments to the right tenant and property — automatically.
Essentials for every door
Everything you need for every part of the rental process.
Lease creation and e-sign
Upload or create and e-sign state-specific leases online.
Free tenant screening
Screen tenants online for free — instantly verify credit, background, evictions, ID, and income.
Property-specific accounts
Open unlimited checking and savings accounts to easily separate funds for all your properties with no monthly maintenance fees.
{{ state }} security deposit rules
2 months' rent (inlcuding the any prepaid rent)
No official guidelines
Trust account in a bank or savings and loan association, or with a licensed escrow agent. Give tenants a written receipt for the amount of the deposit paid.
Unpaid rent, property damages and repairs, lease violations, and cleaning costs
14 days for full refund; 30 days for itemized deductions and the remainder amount.
Additional resources
ARTICLE
How to collect security deposits
FAQs
How much security deposit can a landlord charge in Alaska?
Alaska's security deposit limit is a total of 2 months’ rent, including any prepaid rent (like first and last month's rent). There is no limit on deposits if the monthly rent is more than $2000.
Is interest required on tenant security deposits in Alaska?
There are no official guidelines for the interest payment. Alaska security deposit interest is not required by law, but if you put the money in an interest-bearing landlord-tenant security deposit bank account in Alaska, you must pay interest to the tenant unless the rental agreement states otherwise.
How should I issue a security deposit receipt to tenants in Alaska?
You should issue a receipt to tenants upon receiving funds in a security deposit bank account in Alaska as soon as possible, including the amount received and the date.
How many days to return a security deposit in Alaska?
To return the tenant's security deposit in Alaska, you have 14 to 30 days. If the tenant moves out with proper notice and you make no deductions, you must return the deposits within 14 days; otherwise, you have 30 days. If the tenant moves out without proper notice, you have 30 days to return the deposit and provide an itemized written notice of any deductions.
What can a landlord deduct from a security deposit in Alaska?
In Alaska, a landlord's rights security deposit allows you to deduct money for unpaid rent, cost of repairing damage to the house, rental, apartment, or condo beyond "normal wear and tear,” and any cleaning costs. If you keep funds from the tenant’s security deposit for normal wear or tear, the tenant can sue and may recover up to double damages (twice the amount wrongfully withheld).
Can a security deposit be used for unpaid rent in Alaska?
Yes, funds from the security deposit escrow account in Alaska can be used to pay for any pending rent owed by the tenant.
Can landlords keep a security deposit for breaking a lease in Alaska?
If a tenant leaves early and owes rent for the time it takes the landlord to find a replacement tenant, the funds from the landlord’s security deposit in Alaska can be used to cover that rent loss. But the landlord should still add these as deductions in the itemized list and give it to tenants within the proper time.
