North Dakota requires deposits held in a federally insured interest-bearing account for the tenant's benefit. Cap and refund deadline need full review of §47-16-07.1.
Last verified: 2026-10-10
Max deposit
—
no statutory cap
Return deadline
See notes
Interest required
Yes
paid to tenant
Separate account
Required
Maximum Security Deposit
No statutory maximum
Cap and exceptions need full review of current chapter.
Return Deadline
See notes
Full §47-16-07.1 must be reviewed for refund clock and interest conditions.
Interest on Deposit
Required
Statute requires an interest-bearing account and payment of accrued interest, subject to subsection (2) conditions.
Separate Account Required
Required
Federally insured interest-bearing savings/checking account for tenant benefit; exact segregation requirements need full review.
⚖️ Permitted Deductions
Full current list needs review.
📋 Official Source
The information on this page is sourced from the primary North Dakota statute. Always verify against the current official text before making decisions.
How much can a landlord charge for a security deposit in North Dakota?
North Dakota does not set a statutory maximum for security deposits. Landlords and tenants may agree to any amount in the lease. Cap and exceptions need full review of current chapter.
Does North Dakota require landlords to pay interest on security deposits?
Yes. North Dakota requires landlords to pay interest on security deposits. Statute requires an interest-bearing account and payment of accrued interest, subject to subsection (2) conditions.
Must North Dakota landlords keep security deposits in a separate bank account?
Yes. North Dakota requires landlords to hold security deposits in a separate account. Federally insured interest-bearing savings/checking account for tenant benefit; exact segregation requirements need full 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 North Dakota 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 North Dakota before making decisions. Official source: https://ndlegis.gov/cencode/t47c16.pdf. Last reviewed: 2026-10-10.