What is the security deposit limit in Georgia?
Under O.C.G.A. § 44-7-30.1, enacted by the 2024 Safe at Home Act (HB 404), no landlord may demand or receive a security deposit exceeding two months' rent for residential leases entered into or renewed on or after July 1, 2024. All advance deposits — including pet deposits, damage deposits, and prepaid rent beyond the next rental period — count toward this cap. Landlords holding more than ten rental units must keep deposits in a dedicated bank escrow account and provide written notice of the account location to the tenant. Deposits must be returned within 30 days of lease termination with an itemized statement of any deductions.