Lake Geneva, WI Security Deposit Laws 2026
Wisconsin limits security deposits to 2 month(s) of rent. In Lake Geneva, that's $2,412 at the median 2BR rent of $1,206/month. Miss the 21-day return deadline and you could owe $2,412+.
In Wisconsin, landlords must return security deposits within 21 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 $2,412 or more.
Key Takeaways — Lake Geneva Security Deposit Laws
- Maximum deposit: 2 month(s) of rent = $2,412 at Lake Geneva's median rent
- Return deadline: 21 days after tenant moves out
- Penalty for late return: Up to 2x the deposit ($2,412)
- Itemized statement: Required with any deductions
Security Deposit Laws in Lake Geneva
Under Wisconsin law, landlords in Lake Geneva may collect a maximum security deposit of 2 month(s) of rent. At Lake Geneva's median 2-bedroom rent of $1,206/month, that means the most you can legally collect is $2,412.
$2,412
max deposit (2mo × $1,206)
21 days
return deadline
$2,412
max penalty for late return
Returning the Deposit: The 21-Day Clock
Once a tenant moves out of your Lake Geneva rental, Wisconsin law gives you exactly 21 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 Lake Geneva:
- 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 Wisconsin security deposit laws rules in Lake Geneva and you could owe $2,412+. At Lake Geneva's median rent of $1,206/month, even a single violation adds up fast.
Don’t risk it. Let LeaseBase handle the compliance.
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How Lake Geneva Rents Affect Deposit Amounts
Deposit amounts scale with local rents. Here's what Lake Geneva landlords typically collect:
| Unit Size | Median Rent (Lake Geneva) | Max Deposit (2mo) | Penalty Risk |
|---|---|---|---|
| Studio | $831/mo | $1,662 | $3,324 |
| 1-Bedroom | $919/mo | $1,838 | $3,676 |
| 2-Bedroom | $1,206/mo | $2,412 | $4,824 |
| 3-Bedroom | $1,517/mo | $3,034 | $6,068 |
Rents based on HUD Fair Market Rents (FY2026) for Walworth County.
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More Lake Geneva Landlord Laws
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.
