Arizona Revised Statutes 33-1321 caps residential security deposits at one and a half months' rent and requires landlords to refund or itemize within 14 business days of move-out; Phoenix follows the state rule with no stricter local cap.
ARS 33-1321 governs every Phoenix residential lease. The deposit ceiling is 1.5 months of rent; tenants may voluntarily pay more. After the tenant gives written notice of a forwarding address and surrenders possession, the landlord has 14 business days to return the deposit or send an itemized list of deductions for damage beyond ordinary wear, unpaid rent, or other lease-defined charges. Wrongful retention triggers double damages plus court costs and attorney fees. Nonrefundable fees must be designated in writing and cannot be labeled "deposit." Phoenix has not enacted any deposit ordinance overriding state law.
A landlord who fails to return the deposit or send written itemization within 14 business days, or who misappropriates funds, is liable for double the amount wrongfully withheld plus attorney fees and court costs under ARS 33-1321(D)(E).
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