What is the maximum amount of security deposit a landlord can charge in New Hampshire?

In New Hampshire, the maximum amount that a landlord can charge for a security deposit is one month's rent. This regulation is designed to protect tenants from excessive upfront costs when renting a home or apartment. By limiting the security deposit to one month's rent, the state aims to ensure that tenants are not overburdened financially. This regulation encourages fair leasing practices and helps to maintain a balance between the rights of landlords and tenant protections within the rental market.

Understanding this limit is crucial for both landlords and tenants, as it establishes clear expectations regarding the financial obligations involved at the beginning of a tenancy. It is also important for potential tenants to be aware of this rule so they can avoid situations where they might be asked to pay more than what is legally permissible.