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landlord shall maintain all security deposits in federally insured financial institutions, as defined in § 1–101 of the Financial Institutions Article, which do business in the State. (ii) Security deposit accounts shall be maintained in branches of the financial institutions
managing agent or court appointed receiver, shall remain liable to the tenant and the transferee for maintenance of the security deposit as required by law, and the withholding and return of the security deposit plus interest as required
enter into a lease with the landlord. (3) (i) The amount of a surety bond purchased instead of a security deposit may not exceed two months’ rent per dwelling unit. (ii) If a tenant purchases a surety bond and provides
year, as of the first business day of each year, to be used in calculating the interest on a security deposit; or (2) A customized calculator that calculates the interest due on a security deposit by allowing a user
Interest shall be payable only on security deposits of $50 or more. (4) If the landlord, without a reasonable basis, fails to return any part of the security deposit, plus accrued interest, within 45 days after the termination
receipt for a security deposit shall notify the tenant of the following: (1) The right to have the dwelling unit inspected by the landlord in the tenant’s presence for the purpose of making a written list of damages that
this section the following words have the meanings indicated. (2) “Landlord” means a landlord or a prospective landlord. (3) “Security deposit” means any payment of money, including payment of the last month’s rent in advance of the time
this section together with an itemized statement of the costs incurred and shall return to the tenant the security deposit together with simple interest which has accrued at the daily U.S. Treasury yield curve rate for 1 year
security deposit is not liquidated damages and may not be forfeited to the landlord for breach of the rental agreement, except in the amount that the landlord is actually damaged by the breach or the amount of a surcharge authorized
shall accept the tenant’s surety bond and may not require: 1. During the current lease term, an additional security deposit from the tenant; or 2. At any lease renewal, a surety bond or a security deposit from the tenant
right to pay any damages directly to the landlord or require the landlord to use the tenant’s security deposit, if any, before the landlord makes a claim against the surety bond. (ii) If a tenant pays any damages directly
amount of rent and any late fees due and unpaid, less the amount of any utility bills, fees, or security deposits paid by a tenant under § 7–309 of the Public Utilities Article; (iv) Requesting to repossess the premises
fees due as of the date the complaint was filed less the amount of any utility bills, fees, or security deposits paid by a tenant under § 7–309 of the Public Utilities Article, if the trial occurs within the time
foregoing shall not bear interest but will be returned to the tenant in the same manner as security deposits as defined under § 8–203 of this title but shall not be subject to the penalties of that section. (d) Unless
right to pay the damages directly to the landlord or require the landlord to use the tenant’s security deposit, if any, before the landlord makes a claim against the surety bond; and (vii) If the surety fails to comply
section, the landlord shall return to the tenant within 30 days after completing the repairs the amount of the security deposit withheld by the landlord that is in excess of the actual costs incurred by the landlord. (l) No provision
this subsection shall not bear interest but will be returned to the tenant in the same manner as security deposits as defined under § 8–203 of this title but shall not be subject to the penalties of that section
tenant in the sum of $25 if the landlord fails to provide a written receipt for the security deposit
specific obligations as to heat, gas, electricity, water, and repair of the premises; (3) A receipt for the security deposit as specified in § 8–203.1 of this subtitle; and (4) A copy of the most current version of the Maryland
Requires a tenant to pay more than the sum of the security deposit under § 8–203(b) of this subtitle and the first month’s rent in order to commence the lease and occupy the premises; (12) Waives or places