Georgia Security Deposit Limit
There’s no state statute that limits the amount of a deposit. However, if collected, Landlords must place the deposit in an escrow account in a state or federally regulated depository, and must inform the tenant of the location of this account. As an alternative, landlords may post a security bond securing all tenants’ deposits. A landlord who owns ten or fewer rental units, unless those units are managed by an outside party, does not need to use an escrow account or provide a written list of preexisting damage.
Deadline for Returning Security Deposit
Upon vacating, the deposit must be returned within one month and notice must be provided in advance of any deductions that are proposed to be made to cover damage.