What is the security deposit limit in New Hampshire?
Under RSA 540-A:6, a landlord may not demand or receive a security deposit exceeding one month's rent or $100, whichever is greater. The deposit must be held in trust and kept separate from the landlord's personal funds — it remains the tenant's money until properly applied under RSA 540-A:7. If the landlord holds the deposit for one year or more, they must pay the tenant interest at the rate earned on the account where the deposit is held. The deposit must be returned within 30 days of the tenancy's termination, accompanied by an itemized statement of any deductions. Failure to return the deposit within 30 days may entitle the tenant to twice the wrongfully withheld amount as a penalty.