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

Oregon 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 Oregon 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 Oregon 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 Oregon 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 Oregon 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 Oregon 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 Oregon 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 Oregon, there is no statutory limit on how much a landlord may charge for a tenant security deposit. Most landlords typically require an amount equal to one month’s rent, though the tenant deposit can vary based on credit history, rental background, or whether pets are allowed. The deposit amount must be clearly stated in the lease agreement, and it is strongly recommended that landlords manage funds through a dedicated security deposit bank account in Oregon to maintain compliance and transparency.

Return Deadline: The landlord must return the tenant security deposit, along with an itemized list of deductions, within 31 days after the tenancy ends and the tenant delivers possession of the property. If the landlord fails to return the tenant deposit or provide the itemized statement within this timeframe, the tenant may recover twice the amount wrongfully withheld, plus 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 necessary to restore the unit to its original condition, and other expenses resulting from a tenant’s breach of lease. Landlords must provide written documentation, such as receipts or repair estimates, supporting each deduction from the tenant deposit.

Where to Deposit: Oregon law does not require landlords to place tenant deposits in a separate or interest-bearing account. However, landlords must maintain accurate records of all deposits and provide tenants with a written receipt upon collection. Using a security deposit escrow account in Oregon or a landlord tenant security deposit bank account in Oregon is considered a best practice to prevent commingling of funds and to demonstrate professional and transparent management. While there is no required security deposit interest rate, maintaining tenant deposits in a regulated, traceable account helps ensure compliance with Oregon’s landlord-tenant laws and safeguards tenant funds.

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 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.

{{ 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.

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.

Leases
Screening
Banking
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.

Leases
Screening
Banking
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.

Get Started
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 }}.

Get Started
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

No limit. 1 to 2 months’s rent is recommended

Interest Required

No

Interest Rules
Account Requirements

Not required, but recommended to keep funds in a security deposit escrow account in Oregon.

Deductible Funds

Unpaid rent and fees, repairs, lease violations, and cleaning costs

Return Deadline

31 days

{{ state }} security deposit rules

Maximum Deposit

No limit. 1 to 2 months’s rent is recommended

Interest Required

No

Interest Rules
Account Requirements

Not required, but recommended to keep funds in a security deposit escrow account in Oregon.

Deductible Funds

Unpaid rent and fees, repairs, lease violations, and cleaning costs

Return Deadline

31 days

State Security Deposit Requirements

Alabama
Alaska
Arizona
Arkansas
California
Carolina
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

Additional resources

How to collect security deposits

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

Additional resources

How to collect security deposits

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

FAQs

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

In Oregon, no legal limits apply.

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 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.

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.

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