Are There Any Security Deposit Holding Requirements in Maine?

This question is about Maine Security Deposit Law

Are There Any Security Deposit Holding Requirements in Maine? on iPropertyManagement.com

Maine landlords only have to provide a receipt for security deposits if the tenant requests them, though it is recommended to do so in all cases. All held funds must be kept in a financial institution which may commingle multiple security deposits from a single landlord’s properties. A tenant can request the account information at any time.

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The information for this answer was found on our Maine Security Deposit Law answers.