Vermont Security Deposit Law

Vermont Security Deposit Law

Author: Kasee Godwin
Date: 12.14.2023

Understanding Vermont Security Deposit Law: A Comprehensive Guide for Landlords and Tenants

In Vermont, navigating the complexities of security deposit law is crucial for both landlords and tenants. 

This comprehensive guide aims to clarify key aspects of Vermont’s security deposit regulations, ensuring compliance and understanding.

Maximum Security Deposit Amount

Landlords can only charge up to two months’ rent as a security deposit. This rule helps maintain fairness in the rental market, ensuring deposits remain reasonable and accessible for tenants.

Refund Timeline for Security Deposits

After a tenant moves out, landlords have a specific timeframe for refunding the security deposit. In Vermont, this period is 14 days. Landlords must adhere to this timeline to avoid legal repercussions and ensure a smooth transition for departing tenants.

Interest on Security Deposits

A unique aspect of Vermont’s law is the requirement for landlords to pay interest on security deposits. Landlords must calculate and pay interest annually at a rate set by the state. This requirement acknowledges the value of the tenant’s money and provides a small return to the tenant.

Documentation at Move-In and Move-Out

Documentation is key in managing security deposits effectively. At move-in, Vermont landlords must provide an inventory checklist. This checklist details the property’s condition, helping to avoid disputes over damages at the end of the tenancy. 

Landlords should provide an itemized statement if they withhold any portion of the deposit at move-out. This statement must clearly explain the reasons for any deductions, ensuring transparency.

The Importance of Understanding Vermont Security Deposit Law

Vermont’s security deposit law aims to balance the interests of landlords and tenants. By understanding and adhering to these regulations, both parties can ensure a fair and transparent rental process. Landlords should familiarize themselves with these rules to manage their properties effectively, and tenants should be aware of their rights to protect their interests.


Qira aims to keep this information as up-to-date as possible. The content provided here is informational and should be different from legal counsel. Please refer to the relevant government sources to check for any changes or updates to the law.


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.

Other news


Centralization in Multifamily Property Management

As each day becomes more tech-enabled, property management firms naturally evolve to seek efficiencies and capitalize on economies of scale. The movement towards centralizing leasing, operations, and maintenance functions is strategic. 

Author: Kasee Godwin
Date: 05.15.2024

Exploring the Nuances of Ancillary Income

Ancillary income, a fundamental principle in the multifamily sector, encompasses the various revenue streams that property owners and managers can tap into beyond the primary rent collection.

Author: Kasee Godwin
Date: 04.10.2024

Security Deposit Alternatives: A Win-Win for Property Managers

The advent of security deposit alternatives is reshaping this landscape, offering a win-win solution for property managers and renters.

Author: Kasee Godwin
Date: 02.22.2024

The Rental Economy: Understanding the Shift in 2024

Evolving financial trends are defining this shift, challenging traditional investment strategies and demanding a more nuanced approach from industry professionals. The rise of Generation Z renters and a general change in renter demographics are reshaping rental market dynamics. 

Author: Kasee Godwin
Date: 01.25.2024

The Rise of Gen Z Renters

As Generation Z (born between 1997 and 2012 and aged 12-27) increasingly enters the rental market, their preferences and behaviors are beginning to reshape the multifamily industry.

Author: Kasee Godwin
Date: 01.18.2024

Artificial Intelligence and Machine Learning in Multifamily Real Estate 

Integrating Artificial Intelligence (AI) and Machine Learning (ML) in the multifamily real estate sector is transforming the industry's landscape. These advanced technologies are reshaping the dynamics for property managers, investors, and renters. 

Author: Kasee Godwin
Date: 01.16.2024

The Future of Multifamily Housing: Trends to Watch in 2024

As we move into 2024, the multifamily housing sector continues to evolve, shaped by emerging trends that reflect broader social, economic, and technological shifts. 

Author: Kasee Godwin
Date: 01.09.2024
Wyoming Security Deposit Law

Wyoming Security Deposit Law

The state of Wyoming does not limit application fees or security deposit amounts that property owners can collect, and even enables property owners in the state to collect an additional security deposit for utility fees.

Author: Kasee Godwin
Date: 12.15.2023

We are a financial services platform for property management

We are a financial services platform for property managers and residents. We help property managers and owners improve cash flow, reduce vacancies and avoid bad debt.