What is the security deposit limit in Arizona?
An Arizona landlord shall not demand or receive security, however denominated, including prepaid rent, in an amount or value of more than one and one-half month's rent (A.R.S. § 33-1321(A)). The phrase "however denominated" matters: the one-and-a-half-month ceiling applies to the total taken as security, not only to the portion labelled a security deposit, and prepaid rent counts against it expressly. Within fourteen days, excluding Saturdays, Sundays and other legal holidays, after termination of the tenancy, delivery of possession and demand by the tenant, the landlord must provide an itemized list of all deductions together with the amount due (§ 33-1321(D)). A landlord who wrongfully withholds is liable for twice the amount wrongfully withheld (§ 33-1321(E)). These are the general residential figures — Arizona mobile home parks fall under a separate chapter with a two-month cap (§ 33-1431).