Oregon 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
You aren’t required to hold tenant’s security deposit Oregon in an escrow or trust account. But, as these funds belong to the tenant and are refundable, you should keep them in a separatesecurity deposit bank account in Oregon for clear bookkeeping.
{{ state }} security deposit
limits
There is no maximum security deposit in Oregon you can charge from a tenant. It’s still recommended to consider the average security deposit in your state and charge a reasonable amount.
{{ state }} security deposit interest
State law security deposit rules doesn’t mandate paying interest on security deposit in Oregon. But, you can still pay tenant security deposit interest rate equals to bank’s rate if you keep funds in an interest-bearing 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 }} 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’s rent is recommended
No
Not required, but recommended to keep funds in a security deposit escrow account in Oregon.
Unpaid rent and fees, repairs, lease violations, and cleaning costs
31 days
Additional resources
ARTICLE
How to collect security deposits
FAQs
How much security deposit can a landlord charge in Oregon?
There is no Oregon security deposit limit. You can charge whatever amount you feel is necessary to protect your property, including first and last month's rent plus a deposit. Just keep in mind that if your property is in Portland, local rules cap deposits at one month’s rent (or 1.5 months if you aren't charging for last month's rent up front).
Is interest required on tenant security deposits in Oregon?
No, Oregon security deposit interest is not required by state law. While it is a good idea to keep the money in a dedicated landlord tenant security deposit bank account in Oregon, you aren’t obligated to pay interest.
How should I issue a security deposit receipt to tenants in Oregon?
You must provide a receipt to tenants for the deposits. The best way to do this is to include a written statement of the amount of the rent and fees, and the amount of the security deposit, as well as conditions for returning or keeping the security deposit, when you sign your rental agreement. This ensures everything is documented and clear for both you and your tenant from the start.
How many days to return a security deposit in Oregon?
You have 31 days to return the tenant security deposit in Oregon. This timeline starts once the rental agreement ends and the tenant has handed back the keys. If you’re keeping any portion of the money, mail an itemized list of deductions to the tenant's last known address within the same time window.
What can a landlord deduct from a security deposit in Oregon?
A landlord can charge for unpaid rent, fees, professional clearing services or property damages beyond “normal wear and tear” to their house rental, apartment, or condo.
Can a security deposit be used for unpaid rent in Oregon?
Yes. If a tenant moves out and still owes you rent, you can take that amount directly from the security deposit. Just make sure you list the specific months of unpaid rent in your final itemized statement so the tenant knows exactly why you kept the funds.
Can landlords keep a security deposit for breaking a lease in Oregon?
Yes, a landlord can use the landlord security deposit in Oregon to cover any actual damages, such as lost rent if tenant breaks the lease and move out, while you look for a new tenant. Oregon also allows landlords to charge a specific "lease break fee" if it’s written into the rental agreement (usually up to 1.5 times the monthly rent), but you generally can't charge both the fee and for lost rent.
