| Quick Facts | Answer |
| Maximum / Limit | No Limit |
| Receipt Requirement | None |
| Inventory Requirement | None |
| Interest Requirement | None |
To learn about laws on security deposit returns in Idaho, click here.
Maximum Security Deposit Allowed in Idaho
There is no limit on how much a landlord can collect for a security deposit in Idaho. While other states impose a maximum security deposit limit, such as one month’s rent, Idaho does not.
Can Landlords Charge an Additional Pet Deposit in Idaho?
In Idaho, landlords can charge a pet deposit, except for service dogs and emotional support animals.
How Much Rent Can a Landlord Collect Upfront in Idaho?
There is no limit on the amount of rent that can be collected upfront in Idaho. Many states have a limit on the amount of rent that can be collected at once, but Idaho does not.
Security Deposit Collections in Idaho
While other states have additional requirements for landlords that collect a security deposit, such as providing certain documentation of the condition of the unit at move-in, Idaho does not.
Do Landlords Have to Provide a Receipt for the Security Deposit in Idaho?
Although some states like Washington require a receipt, landlords are not required to provide a receipt for the security deposit in Idaho.
What Obligations Do Landlords Have to Establish the Condition at Move-in in Idaho?
Idaho law does not have specific obligations before a tenancy. While other states like Washington have pre-tenancy obligations like a written inventory of damages, Idaho does not.
Landlords are always required to ensure their property is habitable and compliant with state and local housing codes.
Security Deposit Holdings in Idaho
Idaho state law does not require landlords to hold security deposits separate from other funds unless the rental property is managed by a third party. If so, the security deposit must be held in a federally-insured financial institution and held separately from the third party’s operating account.
Are Tenants Entitled to Interest on Their Security Deposit in Idaho?
Idaho law does not require landlords to provide interest on held security deposits.
How Are Security Deposits Accounted for in Idaho?
Security deposits are not considered taxable income when they are collected.
What Happens to a Security Deposit When the Property is Sold in Idaho?
When a property is sold in Idaho, the seller must transfer the security deposit to the new owner, who must handle it according to the same rules.
Sources
- 1 Idaho Code § 6-321
-
(1) Amounts deposited by a tenant with a landlord for any purpose other than the payment of rent shall be deemed security deposits. Upon termination of a lease or rental agreement and surrender of the premises by the tenant all amounts held by the landlord as a security deposit shall be refunded to the tenant, except amounts necessary to cover the contingencies specified in the deposit arrangement. The landlord shall not retain any part of a security deposit to cover normal wear and tear. “Normal wear and tear” means that deterioration which occurs based upon the use for which the rental unit is intended and without negligence, carelessness, accident, or misuse or abuse of the premises or contents by the tenant or members of his household, or their invitees or guests.(2) Refunds shall be made within twenty-one (21) days if no time is fixed by agreement and, in any event, within thirty (30) days after surrender of the premises by the tenant. Any refunds in an amount less than the full amount deposited by the tenant shall be accompanied by a signed statement itemizing the amounts lawfully retained by the landlord, the purpose for the amounts retained, and a detailed list of expenditures made from the deposit.(3) If security deposits have been made as to a particular rental or lease property, and the property changes ownership during a tenancy, the new owner shall be liable for refund of the deposits.(4) A security deposit for a residential rental premises that is managed by a third-party manager of a landlord shall be maintained in a separate account at a federally insured financial institution. Such account shall be maintained separate from the third-party agent’s operating account. The requirements of this subsection shall not apply to a property owner, managers who have common members or principals of the property owner entity, a real estate licensee, or a nonprofit business organization as established under chapter 30, title 30, Idaho Code.Source Link
