Connecticut General Statutes §47a-21 caps residential security deposits at two months' rent for tenants under 62 and one month for tenants 62 and older, with strict interest and return rules.
Under CT General Statutes §47a-21, Hartford landlords cannot collect a security deposit exceeding two months' rent from tenants under age 62, or one month's rent from tenants aged 62 or older. Deposits must be held in an escrow account at a Connecticut financial institution and accrue interest at a rate set annually by the Banking Commissioner. Within thirty days after lease termination and tenant surrender, landlords must return the deposit plus interest, less itemized lawful deductions for damages beyond ordinary wear and tear. Failure to comply exposes landlords to double-damages liability.
Collecting deposits above statutory caps, commingling escrow funds, failing to pay annual interest, or withholding deposit beyond thirty days without itemized deductions can result in double damages and attorney fees under CT §47a-21.
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