Greenwood, FL Security Deposit Laws 2026
Florida limits security deposits to 2 month(s) of rent. In Greenwood, that's $2,136 at the median 2BR rent of $1,068/month. Miss the 15-day return deadline and you could owe $2,136+.
In Florida, landlords must return security deposits within 15 days after move-out. The maximum deposit is 2 month(s) of rent. Failure to return on time or provide an itemized statement can result in penalties of $2,136 or more.
This applies to properties in Greenwood, FL. Check all requirements for your property →
Key Takeaways — Greenwood Security Deposit Laws
- Maximum deposit: 2 month(s) of rent = $2,136 at Greenwood's median rent
- Return deadline: 15 days after tenant moves out
- Penalty for late return: Up to 2x the deposit ($2,136)
- Itemized statement: Required with any deductions
Security Deposit Laws in Greenwood
Under Florida law, landlords in Greenwood may collect a maximum security deposit of 2 month(s) of rent. At Greenwood's median 2-bedroom rent of $1,068/month, that means the most you can legally collect is $2,136.
$2,136
max deposit (2mo × $1,068)
15 days
return deadline
$2,136
max penalty for late return
Returning the Deposit: The 15-Day Clock
Once a tenant moves out of your Greenwood rental, Florida law gives you exactly 15 days to either return the full deposit or provide an itemized statement of deductions. The clock starts on the day the tenant surrenders possession — not when you inspect the unit.
What you can deduct from a security deposit in Greenwood:
- Unpaid rent
- Damage beyond normal wear and tear
- Cleaning costs to restore the unit to move-in condition
- Costs for restoring or replacing personal property (if lease allows)
What you cannot deduct:
- Normal wear and tear (minor scuffs, carpet wear, faded paint)
- Pre-existing damage (document with photos at move-in)
- Professional cleaning if the tenant left the unit in reasonable condition
Penalty Warning
Violate Florida security deposit laws rules in Greenwood and you could owe $2,136+. At Greenwood's median rent of $1,068/month, even a single violation adds up fast.
Greenwood Rental Market Context
Greenwood is the 364th-largest city in Florida (population 553). With a median 2-bedroom rent of $1,068/month, it falls in the budget range for Florida rental costs — 27% below the state median of $1,471/month.
How Greenwood Compares in Jackson County
Greenwood ranks #7 of 10 cities in Jackson County by population. Because security deposit laws rules are often tied to rent amounts, costs vary across the county.
| City | Population | Median Rent | Max Deposit |
|---|---|---|---|
| Marianna | 7,294 | $1,068/mo | $2,136 |
| Graceville | 2,208 | $1,068/mo | $2,136 |
| Sneads | 1,756 | $1,068/mo | $2,136 |
| Malone | 1,567 | $1,068/mo | $2,136 |
| Grand Ridge | 912 | $1,068/mo | $2,136 |
| Cottondale | 868 | $1,068/mo | $2,136 |
| Greenwood | 553 | $1,068/mo | $2,136 |
| Alford | 518 | $1,068/mo | $2,136 |
| Campbellton | 198 | $1,068/mo | $2,136 |
| Bascom | 90 | $1,068/mo | $2,136 |
Rents based on HUD Fair Market Rents (FY2026) for Jackson County, Florida. All cities follow Florida state law unless a local ordinance applies.
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How Greenwood Rents Affect Deposit Amounts
Deposit amounts scale with local rents. Here's what Greenwood landlords typically collect:
| Unit Size | Median Rent (Greenwood) | Max Deposit (2mo) | Penalty Risk |
|---|---|---|---|
| Studio | $736/mo | $1,472 | $2,944 |
| 1-Bedroom | $814/mo | $1,628 | $3,256 |
| 2-Bedroom | $1,068/mo | $2,136 | $4,272 |
| 3-Bedroom | $1,404/mo | $2,808 | $5,616 |
Rents based on HUD Fair Market Rents (FY2026) for Jackson County.
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Security Deposit Laws in Nearby Cities
Own properties in multiple cities? Rules may differ locally:
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Download Free ChecklistReviewed by Rachid Abadli
Founder & CEO, LeaseBase · Sacramento landlord · Self-managing since 2019
LeaseBase is a property management platform — not a law firm. Consult an attorney for legal advice specific to your situation.
