Fargo follows North Dakota Century Code §47-16-07.1, which caps security deposits at one month's rent for most tenants and requires landlords to return deposits within 30 days with an itemized statement of any deductions.
NDCC §47-16-07.1 governs residential security deposits statewide. The deposit may not exceed one month's rent, although higher amounts are allowed for tenants with a felony conviction or pet-related risks under specified conditions. Landlords must place deposits in interest-bearing accounts when held longer than nine months and must return funds within 30 days after tenancy ends, accompanied by an itemized list of any withholdings. Fargo does not add local rules, but tenants who do not receive a timely accounting can sue in small-claims or district court to recover the deposit and statutory damages.
Failure to return deposits within 30 days or to provide an itemized list can expose landlords to forfeiture of withholdings, statutory damages, and attorney fees in district or small-claims court.
Fargo, ND
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Fargo, ND
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See how Fargo's security deposit rules rules stack up against other locations.
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