What is the security deposit limit in Vermont?
Vermont's 9 V.S.A. § 4461 governs security deposits but does not impose a statewide cap on the amount a landlord may collect. Landlords may charge any amount as a security deposit for standard residential tenancies. However, the City of Burlington limits security deposits to one month's rent by local ordinance. Regardless of amount, the landlord must return the deposit, along with an itemized written statement of any deductions, within 14 days of the date the landlord discovers the tenant has vacated or abandoned the unit, or within 14 days of the tenant's stated move-out date if the landlord was notified. A landlord who fails to return the deposit with the statement within 14 days forfeits the right to withhold any portion of the deposit and is liable for the full amount plus reasonable attorney's fees.