Who is a "landlord" under these rules
RSA 540-A:5 excludes from these rules a person who rents out a single-family home and owns no other rental property, and a landlord renting units in an owner-occupied building of five units or fewer. The exclusion does not apply to any unit occupied by someone aged 60 or older. "Security deposit" means any money you pay beyond the monthly rent, for any purpose.
Cap, receipt and condition list
The deposit may not exceed one month's rent or $100, whichever is greater (540-A:6, I). When you pay, the landlord must give you a signed receipt stating the amount and where it will be held. No receipt is needed if you paid by check. In either case, you must be told in writing that you can list conditions needing repair within 5 days of moving in.
Held in trust, with interest
The deposit remains your money. It must be held in trust and not mixed with the landlord's personal funds, either at a New Hampshire bank, savings and loan or credit union, or covered by a bond posted with the city or town clerk. If the landlord holds it for a year or longer, it owes interest at the regular savings rate of the institution where it is deposited. On request, the landlord must tell you the institution, account number, amount and rate, and let you examine its deposit records.
30 days with evidence
The deposit and any interest are due within 30 days after the tenancy ends. Deductions are allowed for damage beyond reasonable wear and tear, unpaid rent, other lawful charges, and any share of tax increases the lease makes you pay. Each claim must be itemized, and damage claims must show the nature of the repair and satisfactory evidence that it has been or will be done (540-A:7).
Our calculator counts 30 days.
Steps to recover a New Hampshire deposit
- Keep your receipt and send a condition list within 5 days of moving in.
- Ask where the deposit is held if you have been there over a year.
- Give your new address in writing when you leave.
- After 30 days, demand the deposit plus interest, or ask for evidence of the repairs claimed.
- If that fails, file a claim in small claims court.
Neighboring states
Maine caps deposits at two months and requires a 7-day notice. Vermont sets 14 days, and Massachusetts allows triple damages.
Frequently asked questions
What is the maximum security deposit in New Hampshire?
One month's rent or $100, whichever is greater.
Do New Hampshire landlords pay interest?
Yes, on deposits held one year or longer, at the savings rate of the bank where it is held.
How long does a New Hampshire landlord have to return a deposit?
30 days after the tenancy ends, with an itemized list and evidence of repairs.
What is the penalty in New Hampshire?
Twice the deposit plus interest due, minus payments made and lawful charges.
Sources
- RSA 540-A:5 — definitions (NH General Court)
- RSA 540-A:6 — procedure, cap, interest (NH General Court)
- RSA 540-A:7 — return of deposit (NH General Court)
- RSA 540-A:8 — remedies (NH General Court)
Last reviewed Oct 17, 2026. Read how we verify. Found an error? Tell us.