New Hampshire requires that security deposits collected include a receipt that states the amount and location of the funds, unless paid by a check with the purpose written on it. All funds should be held in a New Hampshire financial institution separate from the landlord’s personal finances and earn the standard interest rate for the account if the lease is 1 year or greater, which can be redeemed every 3 years within 30 days of lease expiration.
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The information for this answer was found on our New Hampshire Security Deposit Law answers.
