Easily collect and manage deposits for every property with dedicated security deposit accounts.
Security deposit funds are instantly separated, making move-in, move-out, and returns completely clear.
Security deposit funds are instantly separated, making move-in, move-out, and returns completely clear.
Limit: In Georgia, there is no statutory limit on the amount a landlord may charge for a tenant security deposit. Most landlords typically collect an amount equal to one month’s rent, though the tenant deposit can vary depending on factors like credit, rental history, or pets. The amount must be clearly stated in the lease agreement, and holding the funds in a security deposit bank account in Georgia helps ensure proper documentation and compliance with state law.
Return Deadline: The landlord must return the tenant security deposit, along with an itemized list of deductions, within one month (30 days) after the tenant vacates the property and returns possession. Failure to return the tenant deposit or provide the statement within this period may make the landlord liable for up to three times the amount wrongfully withheld, plus court costs and attorney fees.
Acceptable Deductions: The tenant security deposit may be used to cover unpaid rent, late fees, damages beyond normal wear and tear, unpaid utilities, cleaning fees, or costs necessary to restore the property to its original condition. An itemized list of deductions and corresponding receipts must be provided to the tenant when returning the remaining balance.
Where to Deposit: Georgia law requires landlords who own more than 10 rental units—or who use a property management company—to hold all tenant deposits in a separate escrow account at a bank or savings institution located within the state. The landlord must provide the tenant with written notice of the bank’s name and address where the funds are held. Smaller landlords with 10 or fewer rental units may hold the deposit personally but must still comply with all return and record-keeping laws. While there is no mandated security deposit interest rate, maintaining a security deposit escrow account in Georgia or a landlord tenant security deposit bank account in Georgia helps protect tenant funds and ensures compliance with state regulations.
Open a security deposit account and use physical & virtual debit cards with custom spend controls and automated transaction tagging with Schedule E categories.
Collect funds for security deposits via ACH, wire or check.
A tenant deposit in Georgia must be placed in an escrow account with a state or federally insured, Georgia-based financial institution. Landlords must inform the tenant of the location of the funds or post a surety bond equal to the amount of the deposit.
The maximum security deposit in Georgia is 2 months’ rent.
Interest on security deposit in Georgia is not legally required.
A tenant deposit in Georgia must be placed in an escrow account with a state or federally insured, Georgia-based financial institution. Landlords must inform the tenant of the location of the funds or post a surety bond equal to the amount of the deposit.
The maximum security deposit in Georgia is 2 months’ rent.
Interest on security deposit in Georgia is not legally required.
Collect, return, and track deposits by tenant and property, even when funds are held in external accounts.
Keep every deposit organized and accounted for with secure transfers to Georgia security deposit accounts.
Manage deposits for all entities under one login — LLCs, corporations, partnerships, and individuals.
Collect rent and deposits online for free and easily return deposits via ACH, wire, or check.
Track and tag payments to the right tenant and property — automatically.
Collect, return, and track deposits by tenant and property, even when funds are held in external accounts.
Keep every deposit organized and accounted for with secure transfers to Georgia security deposit accounts.
Manage deposits for all entities under one login — LLCs, corporations, partnerships, and individuals.
Collect rent and deposits online for free and easily return deposits via ACH, wire, or check.
Track and tag payments to the right tenant and property — automatically.
Everything you need for every part of the rental process.
Upload or create and e-sign state-specific leases online.
Screen tenants online for free — instantly verify credit, background, evictions, ID, and income.
Open unlimited checking and savings accounts to easily separate funds for all your properties with no monthly maintenance fees.
Everything you need for every part of the rental process.
Upload or create and e-sign state-specific leases online.
Screen tenants online for free — instantly verify credit, background, evictions, ID, and income.
Open unlimited checking and savings accounts to easily separate funds for all your properties with no monthly maintenance fees.
Set up your security deposit {{ state }} account and start collecting.
Open a banking account online — no monthly account maintenance fees or minimums.
Collect security deposits online via ACH or card.
Auto-tag deposits in Baselane and external accounts to specific properties.
Sign up and start collecting deposits in {{ state }}.
Open a banking account online — no monthly account maintenance fees or minimums.
Collect security deposits online via ACH or card.
Auto-tag deposits in Baselane and external accounts to specific properties.
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.
2 months' rent
No
Escrow account with a state or federally insured, Georgia-based financial institution. The tenant must be informed of the location of the security deposit bank account in Georgia.
Unpaid rent or fees, house repairs, lease breaches, and cleaning costs
30 days
2 months' rent
No
Escrow account with a state or federally insured, Georgia-based financial institution. The tenant must be informed of the location of the security deposit bank account in Georgia.
Unpaid rent or fees, house repairs, lease breaches, and cleaning costs
30 days
Georgia law does not set a maximum limit on security deposits. Landlords typically collect one to two months’ rent depending on risk factors. The deposit must be returned within 30 days after the tenant moves out, along with an itemized list of any lawful deductions for damages or unpaid rent.
Baselane Security Deposit Accounts are available to landlords in most U.S. states, including Georgia. Baselane partners with FDIC-insured banks to hold tenant deposits in separate, compliant accounts that meet Georgia’s escrow and disclosure requirements for landlords who own multiple rental units.
The landlord determines the amount of the security deposit based on Georgia law and rental terms. Baselane provides a compliant, segregated banking structure for holding tenant funds securely and generating the required documentation, helping landlords meet state escrow account obligations.
Baselane Security Deposit Accounts are FDIC-insured and protected by bank-grade encryption. Each tenant’s deposit is stored in a separate, secure account, ensuring transparency and compliance with Georgia’s escrow and record-keeping standards.
No new security deposit agreement is needed in Georgia if the tenant continues under the same rental terms. The original deposit remains valid, and landlords must still follow the same rules regarding storage, documentation, and timely return of the deposit when the tenancy ends.
Landlords in Georgia may collect the security deposit at the start of the tenancy, usually when the lease is signed or before the tenant moves in. If the landlord owns more than 10 rental units or uses a management company, the deposit must be placed in a Georgia-based escrow account, and the tenant must be provided with written notice of the bank name and location.
Georgia's security deposit limit is 2 months' rent. Landlords can charge first and last month's rent plus the security deposit, as prepaid rent is not included in the security deposit cap.
No, in Georgia, security deposit interest is not required. Landlords must keep the deposit in an escrow account with a Georgia-based bank and notify the tenant of the location of the landlord tenant security deposit bank account in Georgia.
A receipt isn't legally required, but it's a best practice to send one to the tenant. Include the name and address of the financial institution where the deposit is held in an escrow account, or provide the details of the surety bond if one is used instead.
When the tenancy ends, the landlord has 30 days to return the full security deposit amount or give a written, itemized list of deductions along with the remaining deposit.
Under Georgia law, the landlord's rights security deposit allows deductions for unpaid rent and damage to the property (house rental, apartment, condo) that goes beyond normal wear and tear (e.g., floor damage). If the landlord holds funds for normal wear and tear, the tenant can sue and hold the landlord accountable for double damages.
Yes, landlords can use a security deposit escrow account in Georgia to cover any unpaid rent that the tenant owes. But the landlord needs to let the tenant know about any deductions before they actually make them.
Yes, a landlord's security deposit in Georgia can be used to cover any loss that the landlord faces if the tenant breaks the lease early, only if agreed upon in the lease agreement. The deposit can be used to cover any rent that's due until the landlord finds a new tenant to fill the vacancy.
Georgia's security deposit limit is 2 months' rent. Landlords can charge first and last month's rent plus the security deposit, as prepaid rent is not included in the security deposit cap.
No, in Georgia, security deposit interest is not required. Landlords must keep the deposit in an escrow account with a Georgia-based bank and notify the tenant of the location of the landlord tenant security deposit bank account in Georgia.
A receipt isn't legally required, but it's a best practice to send one to the tenant. Include the name and address of the financial institution where the deposit is held in an escrow account, or provide the details of the surety bond if one is used instead.
When the tenancy ends, the landlord has 30 days to return the full security deposit amount or give a written, itemized list of deductions along with the remaining deposit.
Under Georgia law, the landlord's rights security deposit allows deductions for unpaid rent and damage to the property (house rental, apartment, condo) that goes beyond normal wear and tear (e.g., floor damage). If the landlord holds funds for normal wear and tear, the tenant can sue and hold the landlord accountable for double damages.
Yes, landlords can use a security deposit escrow account in Georgia to cover any unpaid rent that the tenant owes. But the landlord needs to let the tenant know about any deductions before they actually make them.
Yes, a landlord's security deposit in Georgia can be used to cover any loss that the landlord faces if the tenant breaks the lease early, only if agreed upon in the lease agreement. The deposit can be used to cover any rent that's due until the landlord finds a new tenant to fill the vacancy.
Make it easy to manage rental security deposit accounts with Baselane's Banking accounts.
