Earn up to [v="apyvalue"] APY2. No account fees. No minimum balances.

Nebraska security deposit account for landlords

Easily collect and manage deposits for every property with dedicated security deposit accounts.

Multiple accounts per property
No monthly account maintenance fees or minimum balances
Earn up to [v="apyvalue"] APY² interest

Benefits of security deposit accounts in {{ state }}

Landlords

  • Provides financial protection for landlords in the event of property damage caused by tenants
  • Allows landlords to recoup losses from unpaid rent or other costs associated with the lease agreement
  • Covers the cost of any repairs that need to be done on the property after a tenant leaves
  • Gives landlords peace of mind that there will be a financial cushion if anything goes wrong during the tenancy period

Tenants

  • Provides financial protection for landlords in the event of property damage caused by tenants
  • Allows landlords to recoup losses from unpaid rent or other costs associated with the lease agreement
  • Covers the cost of any repairs that need to be done on the property after a tenant leaves
  • Gives landlords peace of mind that there will be a financial cushion if anything goes wrong during the tenancy period

Benefits of security deposit accounts in {{ state }}

Landlords

  • Repair & Maintenance Coverage: Covers property damage such as paint, carpet, or floor damage, including cleaning costs for pets.
  • Fund separation: Meet state requirements for holding deposits in a dedicated Nebraska landlord security deposit account.
  • Streamlined Returns: Simplifies tenant deposit refunds while accounting for deductions like cleaning or unpaid utilities.

Tenants

  • Fair protection: Tenant security deposit funds are protected from misuse, covering only repairs for damages or unpaid rent.
  • Transparency on Deductions: Tenants can clearly see allowable charges, protecting against unfair claims on normal wear and tear.
  • Savings Potential: Security deposits in Nebraska may be held in an account that earns security deposit interest, helping tenants recover more than they put in.

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 & Maintenance Coverage: Covers property damage such as paint, carpet, or floor damage, including cleaning costs for pets.
  • Fund separation: Meet state requirements for holding deposits in a dedicated Nebraska landlord security deposit account.
  • Streamlined Returns: Simplifies tenant deposit refunds while accounting for deductions like cleaning or unpaid utilities.
Benefits
for tenants
  • Fair protection: Tenant security deposit funds are protected from misuse, covering only repairs for damages or unpaid rent.
  • Transparency on Deductions: Tenants can clearly see allowable charges, protecting against unfair claims on normal wear and tear.
  • Savings Potential: Security deposits in Nebraska may be held in an account that earns security deposit interest, helping tenants recover more than they put in.

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 & Maintenance Coverage: Covers property damage such as paint, carpet, or floor damage, including cleaning costs for pets.
  • Fund separation: Meet state requirements for holding deposits in a dedicated Nebraska landlord security deposit account.
  • Streamlined Returns: Simplifies tenant deposit refunds while accounting for deductions like cleaning or unpaid utilities.
Benefits
for tenants
  • Fair protection: Tenant security deposit funds are protected from misuse, covering only repairs for damages or unpaid rent.
  • Transparency on Deductions: Tenants can clearly see allowable charges, protecting against unfair claims on normal wear and tear.
  • Savings Potential: Security deposits in Nebraska may be held in an account that earns security deposit interest, helping tenants recover more than they put in.

Security deposit rules in {{ state }}

Limit: In Nebraska, landlords may collect a tenant security deposit of up to one month’s rent. If the tenant has pets, an additional pet deposit of up to one-quarter of one month’s rent may also be charged. Any tenant deposit amount beyond this limit is prohibited under state law. The total deposit must be clearly stated in the lease agreement, and landlords are encouraged to hold it in a dedicated security deposit bank account in Nebraska to ensure compliance and transparency.

Return Deadline: The landlord must return the tenant security deposit, along with an itemized written list of any deductions, within 14 days after the tenant vacates the property and provides a forwarding address. If the landlord fails to return the tenant deposit or provide the list within this timeframe, the tenant may recover the full amount plus reasonable attorney’s fees.

Acceptable Deductions: The tenant security deposit may be used to cover unpaid rent, late fees, damages beyond normal wear and tear, cleaning costs, and expenses necessary to restore the rental property to its original condition. Routine wear and tear cannot be deducted. The landlord must provide receipts or written estimates to support any deductions made from the tenant deposit.

Where to Deposit: Nebraska law requires landlords to hold all tenant deposits in a separate trust account at a federally insured financial institution located in the state. The funds cannot be commingled with the landlord’s personal or operating accounts. While there is no requirement to pay interest on deposits, using a security deposit escrow account in Nebraska or a landlord tenant security deposit bank account in Nebraska ensures that funds are managed responsibly, documented properly, and protected in accordance with state law.

Why choose Baselane

Manage security deposits and more

  • All-in-one platform with banking, rent collection, accounting and more
  • Eligible to hold security deposits*
  • Free rent collection that’s landlord and renter friendly
  • Earn up to [v="apyvalue"] APY2
  • Comprehensive cash flow analytics and reporting
  • Modern user interface and experience
  • Excellent customer support

Take control of your spend

Open a security deposit account and use physical & virtual debit cards with custom spend controls and automated transaction tagging with Schedule E categories.

Easily collect and return security deposits

Collect funds for security deposits via ACH, wire or check.

Why choose Baselane

{{ state }} Security Deposit Account

You’re not legally mandated to have a security deposit escrow account in Nebraska. However, many landlord still keep these funds in a separate account to avoid mixing them with their other funds. This practice ensures that the tenant security deposit Nebraska renters provide remains safe and ready for a timely return at the end of the tenancy.

{{ state }} Security Deposit Limits

The maximum security deposit Nebraska landlords may collect is equal to one month’s rent. If the tenant has a pet, you may charge an additional pet deposit, but this cannot exceed one-fourth of one month's rent. Based on typical rent prices across the state, the average security deposit usually falls between $1,100 and $1,400.

{{ state }} Security Deposit Interest

There is no mandated security deposit interest rate in Nebraska. Because paying interest on security deposit Nebraska funds is not required by law, the current state law security deposit guidelines focus on the proper handling and return of the principal amount rather than accrued earnings.

{{ state }} Security Deposit Account

You’re not legally mandated to have a security deposit escrow account in Nebraska. However, many landlord still keep these funds in a separate account to avoid mixing them with their other funds. This practice ensures that the tenant security deposit Nebraska renters provide remains safe and ready for a timely return at the end of the tenancy.

{{ state }} Security Deposit Limits

The maximum security deposit Nebraska landlords may collect is equal to one month’s rent. If the tenant has a pet, you may charge an additional pet deposit, but this cannot exceed one-fourth of one month's rent. Based on typical rent prices across the state, the average security deposit usually falls between $1,100 and $1,400.

{{ state }} Security Deposit Interest

There is no mandated security deposit interest rate in Nebraska. Because paying interest on security deposit Nebraska funds is not required by law, the current state law security deposit guidelines focus on the proper handling and return of the principal amount rather than accrued earnings.

Easy to get started

Open a security deposit account for free

Create a virtual account
(aka - security deposit account)

Collect security deposits
into virtual account

Go beyond standard security deposit accounts

Collect, return, and track deposits by tenant and property, even when funds are held in external accounts.

{{ state }} 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.

Go beyond standard security deposit accounts

Collect, return, and track deposits by tenant and property, even when funds are held in external accounts.

{{ state }} 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.

Digital lease agreement e-signing process in modern home setting

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.

Essentials for every door

Everything you need for every part of the rental process.

Digital lease agreement e-signing process in modern home setting

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.

Get started in minutes

Set up your security deposit {{ state }} account and start collecting.

1
Sign up

Open a banking account online — no monthly account maintenance fees or minimums.

2
Create account

Create security deposit accounts that earn up to [v="apyvalue"] APY².

3
Collect deposits

Collect security deposits online via ACH or card.

Get started in minutes

Sign up and start collecting deposits in {{ state }}.

1
Sign up

Open a banking account online — no monthly account maintenance fees or minimums.

2
Create account

Create security deposit accounts that earn up to [v="apyvalue"] APY².

3
Collect deposits

Collect security deposits online via ACH or card.

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 rules

Maximum Deposit

1 month's rent

Interest Required

No

Interest Rules
Account Requirements

No escrow account required; recommended to keep the deposit in a separate account

Deductible Funds

Unpaid rent, utilities, fees, repair beyond normal wear and tear, lease violations, and cleaning costs

Return Deadline

14 days

{{ state }} security deposit rules

Maximum Deposit

1 month's rent

Interest Required

No

Interest Rules
Account Requirements

No escrow account required; recommended to keep the deposit in a separate account

Deductible Funds

Unpaid rent, utilities, fees, repair beyond normal wear and tear, lease violations, and cleaning costs

Return Deadline

14 days

Additional resources

How much is a security deposit
Managing security deposit deductions
Security deposit accounting
Webinar

Additional resources

How much is a security deposit
Managing security deposit deductions
Security deposit accounting
Webinar

FAQs

How much is a security deposit in {{ state }}?

In Nebraska, landlords can charge up to 1 month's rent, plus ¼ months’ rent for pets.

In what other states can you use Baselane?

These are the other states where you can use Baselane: Arizona, California, Illinois, New Jersey, Texas, Virginia, and all major states in the USA.

How is the security deposit amount determined when using the Baselane service?

Tenants can cause much damage to your rental property, so you should aim to collect the largest security deposit the market will bear. One month's rent is typical in most parts of the country, but you may be able to demand more if your rental property is in a particularly hot market.Your state may set a cap on how much you can collect. Many states, including New York, Massachusetts, and Ohio, set the maximum security deposit you can collect at one month's rent. Others, including California, Pennsylvania, and Maryland, limit security deposits to 2 months' rent. There's no limit on security deposits for rentals in Indiana and Florida.

How are my personal information and funds protected when using the Baselane security deposit accounts?

When your new tenant signs the lease, you should collect the security deposit and the first month's rent. Be sure to give your tenant a detailed receipt for their deposit that includes all information required by local law. Consider using Baselane for automated rent collection to get paid faster, simplify your bookkeeping, and ensure you're handling your deposits appropriately.

Do I need a new security deposit agreement if my tenant switches to month-to-month rent?

If local law states a lower maximum security deposit for month-to-month leases, you may be required to refund the excess amount. Otherwise, the lease's initial terms usually apply when switching to month-to-month, and no change to the security deposit is required.

When can I collect the security deposit?

When your new tenant signs the lease, you should collect the security deposit and the first month's rent. Be sure to give your tenant a detailed receipt for their deposit that includes all information required by local law. Consider using Baselane for automated rent collection to get paid faster, simplify your bookkeeping, and ensure you're handling your deposits appropriately.

FAQs

How much security deposit can a landlord charge in Nebraska?

The Nebraska security deposit limit is capped at one month's rent. This total includes the first and last month's rent plus any additional security funds, though a separate pet deposit of up to 25% of one month's rent is also allowed.

Is interest required on tenant security deposits in Nebraska?

No, Nebraska security deposit interest payment is not legally required, as you don’t need to use an interest-bearing landlord-tenant security deposit bank account in Nebraska. You can still hold these funds in an interest-bearing account and decide the recipient of the accrued interest.

How should I issue a security deposit receipt to tenants in Nebraska?

While not a state requirement, many landlords offer tenants a security deposit receipt. The receipt should state the amount received, the property address, and the date of the transaction.

How many days to return a security deposit in Nebraska?

Tenant security deposit Nebraska rules allow you 14 days to return the deposit amount or an itemized list of deductions and the remaining balance within the same window.

What can a landlord deduct from a security deposit in Nebraska?

You can deduct funds from the deposit to cover any unpaid rent, utilities, fees, and the cost of repairs for damage beyond normal wear and tear. If you fail to return the deposit or provide an itemized list of deductions within 14 days, the tenant may sue for double damages. These landlord rights security deposit rules apply whether you are renting out a house rental, apartment, or condo.

Can a security deposit be used for unpaid rent in Nebraska?

Yes, you can apply security deposit funds toward any rent or utilities left unpaid by the tenant upon move-out.

Can landlords keep a security deposit for breaking a lease in Nebraska?

Landlord security deposit Nebraska regulations give you the right to cover any actual financial losses or damages caused by the breach of contract if you find the tenant breaking the lease term.

FAQs

How much security deposit can a landlord charge in Nebraska?

The Nebraska security deposit limit is capped at one month's rent. This total includes the first and last month's rent plus any additional security funds, though a separate pet deposit of up to 25% of one month's rent is also allowed.

Is interest required on tenant security deposits in Nebraska?

No, Nebraska security deposit interest payment is not legally required, as you don’t need to use an interest-bearing landlord-tenant security deposit bank account in Nebraska. You can still hold these funds in an interest-bearing account and decide the recipient of the accrued interest.

How should I issue a security deposit receipt to tenants in Nebraska?

While not a state requirement, many landlords offer tenants a security deposit receipt. The receipt should state the amount received, the property address, and the date of the transaction.

How many days to return a security deposit in Nebraska?

Tenant security deposit Nebraska rules allow you 14 days to return the deposit amount or an itemized list of deductions and the remaining balance within the same window.

What can a landlord deduct from a security deposit in Nebraska?

You can deduct funds from the deposit to cover any unpaid rent, utilities, fees, and the cost of repairs for damage beyond normal wear and tear. If you fail to return the deposit or provide an itemized list of deductions within 14 days, the tenant may sue for double damages. These landlord rights security deposit rules apply whether you are renting out a house rental, apartment, or condo.

Can a security deposit be used for unpaid rent in Nebraska?

Yes, you can apply security deposit funds toward any rent or utilities left unpaid by the tenant upon move-out.

Can landlords keep a security deposit for breaking a lease in Nebraska?

Landlord security deposit Nebraska regulations give you the right to cover any actual financial losses or damages caused by the breach of contract if you find the tenant breaking the lease term.

Get Your Free Rental Security Deposit Account Today

Make it easy to manage rental security deposit accounts with Baselane's Banking accounts.