Louisiana 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.
{{ state }} security deposit account
In Louisiana, you aren't required to keep funds in a security deposit escrow account in Louisiana. But, a dedicated security deposit bank account in Louisiana can help you keep funds organized and make it easier to return funds within the 30-day window.
{{ state }} security deposit
limits
Unlike many other states, there is no maximum security deposit Louisiana landlords can charge. To remain competitive and attract the right tenants, look for the average security deposit across cities, which typically falls between one and two months' rent.
{{ state }} security deposit interest
The state law security deposit structure in Louisiana is simple: you are not required to pay interest on the funds you hold. There is no security deposit interest rate, and you can retain any interest on security deposit Louisiana funds that might accrue in your bank account unless your specific lease agreement states otherwise.
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
Hold each security deposit in separate non-interest or interest-bearing accounts that earn up to [v="apyvalue"] APY².
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
No limit; 1 to 2 months' rent is recommended
No
No escrow account required; keeping funds in a separate account is still a good practice
Overdue rent, house repairs, lease violations, and cleaning costs
30 days
Additional resources
ARTICLE
How to collect security deposits
FAQs
How much security deposit can a landlord charge in Louisiana?
There is no state-mandated Louisiana security deposit limit. This means you can set the deposit at any amount you prefer. Most commonly, landlords charge one or two months' rent to cover potential damages, and some also collect first and last month's rent plus a security deposit at the start of the lease.
Is interest required on tenant security deposits in Louisiana?
No, Louisiana security deposit interest isn’t required. While you aren't obliged to use a specific landlord-tenant security deposit bank account in Louisiana, you are still responsible for returning the full amount (minus valid deductions) when the lease ends.
How should I issue a security deposit receipt to tenants in Louisiana?
You aren't legally required to give tenants a receipt, but doing so is a smart business move. It provides a clear paper trail and helps avoid disputes later. When writing a receipt, include the deposit amount, the payment date, and the rental unit's address.
How many days to return a security deposit in Louisiana?
Tenant security deposit Louisiana regulations allow 30 days to return the deposit after the tenant moves out. If you are keeping any part of the money, send a written, itemized list of deductions within that same window.
What can a landlord deduct from a security deposit in Louisiana?
Landlords can deduct unpaid rent or physical damage to the property that exceeds "normal wear and tear." These rules apply to all property types, whether it’s a house rental, an apartment, or a condo. If you fail to return the deposit or provide the itemized list on time, a court could order you to pay the tenant double damages. Knowing your landlord rights, security deposit limits, and best practices helps you avoid such issues.
Can a security deposit be used for unpaid rent in Louisiana?
Yes, if a tenant leaves owing money, the funds in the account can be used to cover that balance.
Can landlords keep a security deposit for breaking a lease in Louisiana?
Yes, if the tenant is breaking lease term early. landlord security deposit Louisiana rules allow you to use the funds to offset the costs of finding a new tenant or to cover the rent for the remainder of the lease term.
