What is the security deposit limit in Missouri?
Under RSMo § 535.300, a landlord may not demand or receive a security deposit in excess of two months' rent. All security deposits must be held in a federally insured bank, credit union, or depository institution. Within 30 days after the tenancy terminates, the landlord must either return the full deposit or provide the tenant with a written itemized list of damages for which any portion is withheld, along with the remaining balance. Allowable deductions are limited to: unpaid rent, costs to restore the unit to its condition at move-in (excluding ordinary wear and tear), and other defaults under the rental agreement. If a landlord wrongfully withholds any portion of the deposit, the tenant may recover twice the wrongfully withheld amount as damages.