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Massachusetts · Deposit receipt · Free to generate and download

Massachusetts Security Deposit Receipt

Record that a security deposit was received on a Massachusetts rental. Unused deposit is generally due within 30 days (Mass. Gen. Laws ch. 186, § 15B). This receipt is not the itemized accounting due at move-out.

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Frequently asked questions

Plain-language answers about Massachusetts deposit receipt papers. LeaseGen.io is not a law firm. Confirm current statutes before anyone signs.

What is a security deposit receipt in Massachusetts?
It records that deposit money was received, the amount, and the property. A security deposit generally may not exceed one month’s rent (Mass. Gen. Laws ch. 186, § 15B). First month’s rent, last month’s rent, and a reasonable lock/key fee may also be collected. Hold the deposit in a separate Massachusetts account, give the statutory receipts, and pay interest. Unused deposit plus an itemized list is generally due within 30 days. Noncompliance can cost triple damages.
Is the receipt the move-out accounting?
No. At move-out you still owe an itemized list of deductions and any refund within 30 days, to the extent Massachusetts law requires.
What is the deposit cap in Massachusetts?
1× rent