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Massachusetts security deposit law

The state rules a landlord in Massachusetts has to follow for a residential security deposit, from M.G.L. c. 186, 15B.

Maximum deposit
One month's rent (separate from first month, last month and lock-and-key cost).
Deadline to return it
Within 30 days after the tenancy ends.
Itemized deductions
Sworn, itemized list of damages with written estimates, bills or receipts, sent within 30 days.
Interest on the deposit
Yes: 5% a year, or the lower rate the bank actually paid, paid yearly; deposit must be in a separate Massachusetts bank account.
Penalty for wrongful withholding
Three times the deposit owed plus 5% interest, court costs and attorney fees if the deposit, receipt or bank-account rules are broken.

Before you keep any part of a deposit

Working out the last month's rent? The prorated rent calculator does the partial-month math.

Source

Verification status: verified summary. Research date: November 5, 2026. Statute: M.G.L. c. 186, 15B. Source: malegislature.gov.

General information, not legal advice. Cities and counties can add stricter rules, and laws change. Check the current statute or a local attorney before you act.

Other states: Maryland · Minnesota · all states

Last updated November 5, 2026.