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VT H0565
Bill
Status
Introduced
1/6/2026
Primary Sponsor
Theresa Wood
Click for details
AI Summary
- Caps security deposits at three months' rent for residential rentals and three months' lot rent for mobile home parks
- Requires landlords and mobile home park owners to maintain security deposits in interest-bearing accounts on behalf of tenants, with accrued interest not counting toward the three-month cap
- Allows municipalities to adopt supplemental ordinances governing security deposits, including authorizing housing boards of review to hear deposit disputes
- Provides a transition period permitting landlords to retain existing deposits exceeding the cap if leases were in effect prior to July 1, 2026
- Requires deposits collected before July 1, 2026 to be moved into interest-bearing accounts within 30 days of the effective date
Legislative Description
An act relating to security deposits
Last Action
Read first time and referred to the Committee on General and Housing
1/6/2026
Committee Referrals
General and Housing1/6/2026
Full Bill Text
No bill text available