Landlord Guide
IN - Updated 2025
Indiana Landlord Security Deposit Guide
Everything Indiana landlords need to know about collecting, holding, and returning security deposits legally.
Max Deposit
No limit
Return Deadline
45 days
Separate Account
Not Required
Interest
Not Required
Indiana Landlord Checklist
Collecting
- Maximum: No limit
- Provide written receipt
- Document move-in condition
- Take dated photos
Deducting
- Only for damage (not wear)
- Keep repair receipts
- Get multiple quotes
- Itemize all deductions
- Document with photos
Returning
- Deadline: 45 days
- Include itemized statement
- Mail to forwarding address
- Keep proof of mailing
Penalty for Non-Compliance: Actual damages + attorney fees
If you fail to return the deposit or itemized statement within 45 days, or wrongfully withhold the deposit, you may face:
- Actual damages + attorney fees
- Payment of tenant's attorney fees
- Court costs if tenant sues
- Loss of right to make deductions
Create Indiana Security Deposit Documents
Generate compliant deposit receipts, inspection forms, and deduction letters.