Security Deposit in Indiana
State-specific overview · Property & Real Estate
Indiana requires landlords to return deposits within 45 days with an itemized statement of any deductions.
How Indiana treats Security Deposit
Indiana law requires landlords to return security deposits within 45 days of lease termination and to provide a written itemized statement of any deductions claimed. Landlords must return the remaining balance of the deposit to the tenant's last known address. If a landlord fails to return the deposit or provide proper documentation, the tenant may pursue legal action to recover the deposit and potentially additional damages.
The general definition of Security Deposit
Money a tenant pays upfront to a landlord as a guarantee against damage or unpaid rent.
A security deposit is cash that a tenant gives to a landlord at the start of a lease, held as insurance against property damage or unpaid rent. The landlord must keep this money in a separate account and return it to the tenant when the lease ends, minus any deductions for legitimate damages or unpaid bills. Most states have strict rules about how quickly landlords must return deposits (often 30–45 days) and require them to itemize any deductions. If a landlord wrongfully keeps the deposit, the tenant can sue for the full amount plus penalties.
Read the full Security Deposit entry →This page is a plain-English reference and is not legal advice. State laws change frequently. For specific situations consult a licensed attorney in Indiana.