Connecticut Security Deposit Laws

Connecticut Security Deposit Limit

If the tenant is under the age of 62, the security deposit may be equivalent of two months rent. If the tenant is 62 or older, the limit is one months rent.

Deadline for Returning Security Deposit

The security deposit must be returned within 30 days after the tenant has surrendered the rental property or within 15 days of receiving the tenant’s forwarding address, whichever is later.

Security Deposit Interest

Interest must either be added to the security deposit annually or credited towards rent (landlord’s option). The interest rate must be equal to the average rate paid on savings deposits by insured commercial banks, as published by the Federal Reserve Board Bulletin, rounded to the nearest 0.1%.