Full question:
I am shifting to the city of Maine next month and would like to rent an apartment. What is the maximum amount of security deposit that one would have to make for a tenancy at will agreement in Maine?
- Category: Landlord Tenant
- Subcategory: Security Deposit
- Date:
- State: Maine
Answer:
In Maine, the maximum security deposit for a tenancy at will agreement cannot exceed two months' rent for the rental property. According to 14 M.R.S. § 6032, a lease or tenancy at will for a dwelling intended for human habitation may require a security deposit of no more than the rent for two months. It is also permissible for the security deposit to be less than that amount.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.