What is the security deposit limit in Louisiana?
Louisiana does not impose a maximum limit on the amount a landlord may collect as a security deposit. Under La. R.S. 9:3251 (the Lessee's Deposit Act), a landlord must return the unused portion of any security deposit within one month after the lease terminates. If any portion is retained, the landlord must forward to the tenant — within one month of termination — an itemized written statement explaining the amounts kept and the reasons therefor. The tenant must supply the landlord a forwarding address. Permissible deductions include unpaid rent and costs to repair tenant-caused damage beyond normal wear and tear. If the landlord willfully fails to return the deposit, the tenant is entitled to the deposit amount back plus the greater of $300 or twice the amount wrongfully withheld. This is governed by La. R.S. 9:3252. Upon a transfer of ownership, the prior lessor must transfer the deposit to the new owner and is thereafter relieved of liability.