Indiana Deposit Interest Rules
no interest requiredIndiana has no statewide requirement that landlords pay interest on security deposits (14 of 51 US jurisdictions do). Your lease may still promise interest — if it does, that promise is enforceable.
Educational information: generated from our Indiana law database (last updated 2024-01-01). Not legal advice.
How Indiana compares
14 of 51 US jurisdictions require landlords to pay interest on security deposits. Here is how Indiana compares with other states in our database.
Frequently asked questions
- Do landlords have to pay interest on security deposits in Indiana?
- No statewide statute requires it in Indiana, though local ordinances or your lease can add the obligation. No limit for month-to-month; 1 month limit for month-to-month tenancies. For longer leases, maximum is 1.5 months rent. Pet deposits limited to 25% of one month rent. Must be returned within 45 days with itemized deductions. Tenant can recover full deposit plus attorney fees for non-compliance.
- How large can the deposit itself be in Indiana?
- Indiana generally allows at most 1.5 months' rent (longer leases) as a security deposit.
- When do I get my security deposit back in Indiana?
- Generally within 45 days after move-out.
Check Your Lease Against Indiana Law
Not sure whether your lease complies with Indiana law? Upload it and our analyzer flags problem clauses — deposit terms, entry rights, fees and prohibited provisions — using the same statute-backed database this page is generated from.
Analyze My Lease FreeEducational tool — not legal advice. First analysis is free, no signup required.
More Indiana lease law guides
Educational information generated from state statute data — not legal advice. Consult a licensed attorney in Indiana for your specific situation.