Georgia caps no maximum security deposit, but OCGA 44-7-30 through 44-7-37 require landlords with more than 10 units to use escrow accounts, provide move-in inspection lists, and return deposits within 30 days of vacancy.
Georgia's deposit framework, codified at OCGA 44-7-30 through 44-7-37, applies fully to landlords owning more than 10 rental units or using management companies. Such landlords must hold deposits in an escrow account at a Georgia bank or post a surety bond, disclose the location to tenants, provide a move-in condition checklist, and return the deposit with itemized deductions within 30 days of vacancy. Deductions are limited to unpaid rent, damage beyond ordinary wear, and similar specified categories. Atlanta cannot adopt stricter rules because Georgia preempts the field. Owners with 10 or fewer units have looser obligations but remain subject to general contract and tort duties. Wrongful retention can lead to treble-damage liability under OCGA 44-7-35.
Failure to return deposits or itemize deductions within 30 days can expose covered landlords to triple the wrongfully withheld amount plus attorney's fees under OCGA 44-7-35.
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