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Maine Security Deposit Laws

Maine Security Deposit Limit

Landlords may charge the equivalent of two months’ rent for a security deposit.

Upon request by the tenant, landlord must disclose orally or in writing the account number and the name of the institution where the security deposit is being held.

Deadline for Returning Security Deposit

The security deposit must be returned within 30 days (if tenancy was under a written agreement) or within 21 days (if it’s a tenancy at-will) after the tenant has vacated.

Note: The security deposit laws do not apply to a rental unit that is part of a structure with five or fewer units when one is occupied by the landlord.