New Hampshire 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 deposit in New Hampshire must be held in trust by the person to whom the deposit is made and shall not be mingled with the person's personal funds or become an asset of the landlord.
{{ state }} security deposit
limits
The maximum security deposit New Hampshire landlords can charge is either one month's rent or $100, whichever is greater. This limit is often lower than the national average security deposit.
{{ state }} security deposit interest
State law security deposit rules require landlords to pay interest on security deposits in New Hampshire if landlords hold the funds for more than a year. Every three years, the tenant can request payment of interest in writing.
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
1 month's rent or $100, whichever is greater
Yes, if landlords hold the deposit for more than one year
Hold security deposits for rent in a trust account with a New Hampshire-based financial institution. Inform the tenant about the name and location of the security deposit bank account in New Hampshire, the account number, and the deposit amount.
Unpaid rent or fees, repairs, lease violations, cleaning costs, tenant's share of increases in real estate taxes (only if agreed in the lease agreement).
30 days
Additional resources
ARTICLE
How to collect security deposits
FAQs
How much security deposit can a landlord charge in New Hampshire?
The New Hampshire security deposit limit is the higher of one month's rent or $100. Landlords are not typically allowed to charge first and last month's rent plus the deposit if the prepaid rent is not defined explicitly as separate from the security deposit.
Is interest required on New Hampshire landlord security deposits?
Yes, New Hampshire security deposit interest is required if you hold the deposit for more than one year. The interest rate is similar to that of a regular savings account. You only need to pay this interest every three years upon the tenant's written request.
How should I issue a security deposit receipt to tenants in New Hampshire?
If the tenant requests, landlords must give a written notice or receipt and disclose all details about the deposit, including the account number and interest rate. Landlords are also obligated to allow the tenant to examine the security deposit records upon request.
How many days are there to return the security deposit in New Hampshire?
Return the tenant's security deposit in New Hampshire within 21 days if you don’t want to claim any deductions. If you do, give tenants an itemized list detailing any deductions within that same period, along with the remaining deposit amount, if any.
What can a landlord deduct from a security deposit in New Hampshire?
As per landlord's rights, security deposit in New Hampshire can be used to recover any unpaid rent and damage to the rental property (house rental, apartment, or condo) beyond normal wear and tear (like floor damage, major stains, or wall holes). Always be aware that if you withhold a tenant’s funds in bad faith, you might be charged for double damage.
Can a security deposit be used for unpaid rent in New Hampshire?
Yes, funds from a security deposit escrow account in New Hampshire can be used to recover unpaid rent or fees by tenants. You must, however, inform the tenant before making any such deduction.
Can a landlord keep a security deposit for breaking a lease in New Hampshire?
Yes, you can use funds from the landlord security deposit in New Hampshire to cover losses when a tenant breaks the lease terms. Since the tenant still owes rent until you find a replacement, the deposit covers that financial loss, if the lease allows it.
