What is a Security Deposit

A security deposit is a sum of money that a landlord or property owner collects from a tenant at the start of a lease agreement. Its purpose is to cover any damages to the rental unit beyond normal wear and tear, unpaid rent, or other fees owed by the tenant when they move out.

In Hawai'i, the law limits the amount a landlord can charge for a security deposit. According to the Hawai'i Residential Landlord-Tenant Code, landlords may collect up to one month's rent as a security deposit for an unfurnished unit, and up to one and a half month's rent for a furnished unit.  For more information, read the Hawai'i Residential Landlord-Tenant Code.

Please note that the information provided is for general informational purposes only and should not be construed as legal advice. This column is not a substitute for seeking legal advice from a licensed attorney or other qualified professional. Every rental situation is unique and subject to different laws and regulations. We encourage you to conduct your own research and seek professional advice before making any decisions regarding your rental situation.