How much can a landlord charge for a security deposit in Maryland?
Maryland law limits security deposits to 1 month's rent. General cap; exceptions exist in paragraph (b)(2).
How long does a landlord have to return the security deposit in Maryland?
Maryland landlords must return the security deposit — or provide a written itemized statement of deductions — within 45 days after the tenancy ends. After tenancy ends; refund includes required interest less lawful deductions.
Does Maryland require landlords to pay interest on security deposits?
Yes. Maryland requires landlords to pay interest on security deposits. Simple interest using greater of annual one-year Treasury yield or 1.5%.
Must Maryland landlords keep security deposits in a separate bank account?
Maryland's statute does not clearly require a separate account for security deposits. Full statutory account/bond provisions need review.
Automate security deposit compliance
Property management software handles deposit tracking, deadline reminders, itemized deduction statements, and compliant separate account requirements automatically — so you never miss a Maryland deadline.
This page is for informational purposes only and is not legal advice. Security deposit laws change — always verify the current statute or consult a licensed attorney in Maryland before making decisions. Official source: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=grp§ion=8-203. Last reviewed: 2026-10-10.