8% of monthly rent. The whole fee.
Photo: Washington DC, Yeon Choi / Unsplash
A landlord may not charge a security deposit of more than one month's rent per unit, except up to two months if a tenant pays utilities directly under a written utility-assistance agreement.
Source: Maryland Code, Real Property §8-203(opens in a new tab)Maryland law requires a landlord to return a tenant's security deposit within 45 days after the tenancy ends, minus any rightfully withheld damages.
Source: Maryland Code, Real Property §8-203(opens in a new tab)Deposits of $50 or more held at least six months accrue interest monthly at 1.5 percent a year or the one-year Treasury yield, whichever is greater.
Source: Maryland Code, Real Property §8-203(opens in a new tab)Rental units built before 1978 must register with the Maryland Department of the Environment's lead poisoning prevention program before being rented.
Source: Maryland Department of the Environment(opens in a new tab)A DC housing provider has 45 days after a tenancy ends to return the deposit with interest or give the tenant written notice of amounts withheld.
Source: DC Official Code §42-3502.17(opens in a new tab)DC law requires security-deposit interest to accrue at not less than the statement savings rate at the DC institution holding the escrow account, reset each January 1 and July 1.
Source: D.C. Law 16-276(opens in a new tab)Full-service management across Maryland, DC, and Virginia. 8% of monthly rent — that's the whole fee.
