It is important to know the security deposit laws in CT if you are a tenant or landlord in the state. These laws and regulations protect both the landlord and tenant’s rights. The rights and responsibilities of the landlord and tenant when it comes to the holding, collection and returning of the security deposit are outlined in these laws. Below are some common questions about these laws.
How much can a landlord ask for a security deposit?
If you are over the age of 62, only a month’s worth of rent can be charged. Someone under 62 years old can be charged up to two months rent. If someone has paid over one months rent and is over 62, they are entitled to be paid back the difference by the landlord.
Where does the landlord need to keep the security deposit?
According to security deposit laws in CT, in an escrow account in a CT financial institution. This makes sure it stays the tenants deposit and no creditors of the landlord can get their hands on this money. Upon the end of the lease or on it’s anniversary, the landlord is required by law to pay interest on this deposit amount to the tenant.
Is the landlord required to give a written notice upon receiving the security deposit?
In CT, the law does not require the landlord give a written notice upon receiving the security deposit from the tenant.
When can the landlord keep the security deposit?
The security deposit can be kept by the landlord if the tenant has done any of the following: not paid rent, damaged the property or has violated the lease in anyway.
When can the tenant get his or her security deposit back?
After the tenant leaves the property, the landlord has 30 days to return the security deposit and any interest according to the security deposit laws in CT. He will have 30 days also to return the security deposit if there is no forwarding address given to him or her. The landlord will receive 15 days from the time the tenant leaves the property if a forwarding address is given to them. If there is any damage to the rental or any lease agreement violations, the landlord has the right to keep some of the security deposit. The price of repairs and an itemized list must be sent to the tenant. If any of these security deposit laws in CT are not followed by the landlord, the tenant could have rights to double the security deposit.
If the property is sold by the landlord, what happens to the security deposit?
The old owner will have to transfer the security deposit with any interest over to the new owner. The new owner would then deposit the money into a new escrow account for the tenant and would be responsible for returning it to the tenant.
More information about security deposit laws in CT can be found by looking at Section 47a-21 of the Connecticut general statues.