Security Deposit Alternative in North Dakota
North Dakota’s statutory notice and deduction balance use 30 days after both lease termination and possession delivery. Unreasonable withholding can require treble damages. The resident generally receives accrued interest, except when occupancy was under nine months; funds not claimed within one year have statutory reporting requirements. The deposit cap, its two specified risk exceptions and separate pet limit must be applied to the actual tenancy.
What North Dakota law says about security deposits
- Can you require it?
- Review security cap and 30-day accounting
- Security is capped however denominated. The interest-payment duty has a less-than-nine-month occupancy exception.
- Statutory cap
- One month's rent, with narrow exceptions, plus a separate pet deposit
- Return deadline
- For deductions, itemized notice and balance within 30 days after lease termination and possession delivery
- The law
- North Dakota's security deposit law
- N.D.C.C. 47-16-07.1
Source baseline: . See the official North Dakota source. Deposit rules change, and this is general information rather than legal advice. Confirm the current text with your own counsel before you change a lease.
Can you require it of every North Dakota resident?
North Dakota §47-16-07.1 generally caps security however denominated at one month, with the specified felony-conviction incentive and prior-lease judgment exceptions up to two months. Pet security is separate, excludes qualifying service or companion animals and is capped at the greater of $2,500 or two months. Keep security in a federally insured interest-bearing account. For deductions, deliver or mail itemization, notice and balance within 30 days after lease termination and possession delivery. Interest need not be paid for occupancy under nine months. These rules do not approve Beagle’s recurring fee; review its actual classification.
Rules differ by state and by city, and subsidized housing is its own question. This is general information for property managers, not legal advice. Get a written opinion before you make the fee a condition of tenancy anywhere.
How the program works in North Dakota
Review Beagle's deposit alternative alongside the agreement for your property. Protection, resident responsibilities and claim handling depend on the program terms and applicable state and local requirements.
Explain the options at signing
A qualifying fee arrangement lets a resident pay a monthly charge instead of providing the full cash deposit. Explain the available deposit choice, refundability and continuing resident obligations at signing. The payment’s legal treatment depends on the arrangement and jurisdiction.
Match protection to the lease
Compare the selected program’s covered losses, limit, exclusions and claim requirements with the deposit your lease would require. Payment depends on an eligible claim and the program terms; a fee does not itself guarantee the same recovery as cash security.
Document move-out and give notice
A deposit alternative changes how an eligible claim is paid. Keep move-in and move-out evidence, provide the notices required for the property's jurisdiction, and follow the program's claim process. Claim review and resident disputes can still require your team's involvement.
Agree the program economics
Confirm the resident’s charge and any property administration payment in your quote and agreement. Include permitted fees in the disclosures required for the property; earnings depend on the agreed economics and applicable law.
Security deposit rules in other states
- AlabamaReview the payment’s security function
- AlaskaReview nonrefundability and notice rules
- ArizonaReview security and fee rules
- CaliforniaReview the broad security definition
- ColoradoReview security function and fee pricing
- ConnecticutCheck upfront fees and total-rent disclosure
- DelawareOptional surety has its own rules
- FloridaOptional only
- GeorgiaReview cap scope and return duties
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- HawaiiCheck the fee rules first
- IdahoReview security purpose and custody
- IllinoisReview return rules and fee disclosures
- IndianaReview returnable security and the address
- IowaReview deposit custody and instructions
- KansasReview deposit caps and refund triggers
- KentuckyConfirm local adoption and required records
- LouisianaReview security function and statement timing
- MaineOptional licensed surety has separate notice
- MarylandOptional only
- MassachusettsConfirm authorizing rules
- MichiganReview the deposit procedure
- MinnesotaReview fee classification and disclosure
- MississippiReview the payment’s security function
- MissouriReview the security definition
- MontanaCleaning and damage fees presumed security
- NebraskaReview function and housing-agency scope
- NevadaOptional only
- New HampshireCheck the fee rules first
- New JerseyReview trust, interest and special refunds
- New MexicoReview reasonable security and mailing
- New YorkReview fee restrictions
- North CarolinaReview the bond structure
- OhioReview the security definition
- OklahomaReview escrow and the demand trigger
- OregonCheck the fee rules first
- PennsylvaniaReview escrow and fee classification
- Rhode IslandReview security function and furniture limit
- South CarolinaReview deposit standards and agreement
- South DakotaReview security function and both notices
- TexasOptional only
- UtahReview nonrefundable designation and notice
- VermontReview refundable definition and local law
- VirginiaOptional only
- WashingtonOptional only
- West VirginiaReview refundable security and contractor notice
- WisconsinReview security and deduction rules
- WyomingReview disclosures and separate clocks
North Dakota security deposit alternative FAQs
The inspected section does not authorize a mandatory recurring waiver. Its cap reaches security however denominated, and the actual function of Beagle’s instrument needs review. Preserve the 30-day deduction-accounting clock and the interest exception rather than assuming no move-out duties remain.
See it on your North Dakota units
Run the selected program against your own unit count, or review its charges, onboarding and agreement terms with our team.