Connecticut General Statutes §47a-21 limit security deposits to two months' rent for tenants under 62 and one month for those 62+, require deposits in escrow, and mandate annual interest payments at the state-published rate.
Bridgeport landlords must comply with CT §47a-21, which caps deposits, requires escrow at a Connecticut financial institution, and obligates the landlord to pay the tenant interest on the deposit annually or credit it toward rent. The Connecticut Department of Banking publishes the applicable annual interest rate. Within 30 days after move-out, landlords must return the deposit plus accrued interest, less itemized lawful deductions, with a written statement. Failing to follow the procedure can result in double-damages liability under the statute.
Holding more than the cap, mishandling interest, or missing the 30-day refund deadline can expose the landlord to up to twice the deposit amount.
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See how Bridgeport's security deposit rules rules stack up against other locations.
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