Florida Security Deposit Limits and Laws 2024: Complete Guide
June 10, 2025
# Florida Security Deposit Limits and Laws 2024: Complete Guide
Florida's security deposit laws provide specific protections while establishing clear guidelines for landlords.
## Deposit Requirements
- **No state maximum:** Must be reasonable amount
- **Separate account:** Required or surety bond
- **Interest payments:** Required if held over 3 months
- **Notice requirements:** Within 30 days of receipt
## Return Timeline
- **15 days:** If no deductions made
- **30 days:** If deductions with itemized list
- **Interest rate:** 5% annually or 75% of savings rate
## Allowable Deductions
- Unpaid rent and utilities
- Damage beyond normal wear
- Cleaning if premises left unclean
- Other lease-specified damages
## Legal Penalties
- **Improper withholding:** Full deposit plus damages
- **Attorney fees:** If tenant prevails
- **Treble damages:** For willful violations
## Best Practices
- Thorough move-in inspections
- Proper account maintenance
- Timely interest payments
- Detailed documentation
*Consult Florida real estate attorneys for specific situations.*