Nebraska Security Deposit Law for Landlords and Tenants
Security deposits in Nebraska are designed to help protect landlords from unnecessary damage that a tenant may cause within a rental unit. Anything that goes beyond normal wear and tear within a rental unit can be covered by this deposit.
There are some restrictions and limitations that the state laws have placed on what a security deposit can be and its return, so here is a look at the key points you'll want to know.
1. A Security Deposit Is Limited To a Maximum Of One Month's Rent.
Landlords do not need to charge a security deposit – some may carry tenant insurance and include the payment of this policy as part of the rent instead.
When a deposit is charged, the maximum amount is equal to one month of rent.
If a tenant is paying $450 for a studio apartment in Lincoln, then $450 is the maximum security deposit.
2. Pet Deposits Are a Separate Security Deposit.
If a landlord authorizes a pet, then an additional security deposit of up to 25% of one month's rent may also be charged.
Using the example above, the pet deposit would be an additional $112.50.
3. Receipts Are Not Required For Security Deposits.
Many landlords simply add an addendum regarding the security deposit amount to the lease itself.
This eliminates any questions or litigation which may occur from a paid deposit that remained undocumented.
4. Security Deposit Funds Do Not Need To Be Kept Separate.
Landlords can deposit all security deposit funds into one bank account.
They are not liable for accrued interest, but are liable to return the full amount of the deposit, less any damages beyond normal wear and tear, after a tenant moves out of the property.
5. Tenants Must Request The Return Of a Security Deposit In Writing.
A security deposit must be returned within 14 days of a tenant requested the full amount in writing.
Any cleaning or repairs that were necessary must be itemized if deducted from the full amount.
A failure to itemize expenses allows for a tenant to sue for the full amount back plus legal feels.
If you have any questions about the Nebraska security deposit law for landlords and tenants, then seek professional legal assistance or research the laws independently to make sure you receive the answers you need.
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