Hawaii Security Deposit Laws

Hawaii Security Deposit Laws

Author: Kasee Godwin
Date: 11.09.2023

Hawaii Security Deposit Law: A Comprehensive Guide for Property Owners

Understanding the Hawaii security deposit law is crucial for property owners and managers considering renting out their properties in the state. 

Keep reading for a streamlined guide on what you need to know.

Maximum Security Deposit Amount

Under the Hawaii security deposit law, landlords can charge up to one month’s rent as a security deposit, ensuring protection against potential damages or unpaid rent.

Pet Deposits

Landlords can charge an additional pet deposit equivalent to one month’s rent. Note: Service animals are exempt. However, the tenant remains responsible if damages arise due to a service animal.

Holding the Security Deposit

Hawaii doesn’t mandate any specific method for holding security deposits.

Disclosure of Deposit Location

Landlords aren’t required to disclose to tenants where their deposits are held.

Interest Rate Disclosure

There’s no obligation for property owners to inform renters about the interest rate of the deposit account.

Deductions from the Security Deposit

Hawaii landlords can deduct from the security deposit for unpaid rent, pending utility bills, unreturned keys, cleaning charges, pet-induced damages, or any damages surpassing normal wear and tear.

Security Deposit Return Timeline

Post-lease termination, landlords have a 14-day window to return the security deposit to the departing tenant.

Penalties for Delay

If the security deposit isn’t returned within the stipulated 14 days, the landlord must refund the entire deposit, forfeiting rights to any deductions. Failing to comply can result in fines up to three times the deposit amount.

Claiming the Security Deposit

For any deductions, landlords must supply tenants with an itemized breakdown of damages and associated repair costs within 14 days of the tenant’s departure.

Using the Security Deposit for Last Month’s Rent

Tenants can only offset their last month’s rent with the security deposit if the landlord has written consent.

In Conclusion

Property managers in Hawaii need to be diligent about the intricacies of the state’s security deposit law. Providing tenants with a clear itemized list upon departure and staying updated with any legal changes is pivotal to avoiding penalties.

Disclaimer

While we strive to maintain up-to-date information, this content is for reference only and should not replace professional legal advice. For any updates to the Hawaii security deposit law, it’s recommended to consult the relevant governmental sources.

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Kasee Godwin

Position: Director of Marketing
Social Networks

Kasee is the Director of Marketing for Qira. She has nearly 15 years of experience in the real estate marketing industry, including 10 years on the client side. In her spare time, she enjoys reading science fiction, exploring new wineries, and fostering Golden Retrievers.

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