Sheridan, OR Security Deposit Laws 2026
Oregon limits security deposits to 2 month's rent. In Sheridan, that's $3,844 at the median 2BR rent of $1,922/month. Miss the 31-day return deadline and you could owe $3,844+.
In Oregon, landlords must return security deposits within 31 days after move-out. The maximum deposit is 2 month's rent. Failure to return on time or provide an itemized statement can result in penalties of $3,844 or more.
Key Takeaways — Sheridan Security Deposit Laws
- Maximum deposit: 2 month's rent = $3,844 at Sheridan's median rent
- Return deadline: 31 days after tenant moves out
- Penalty for late return: Up to 2x the deposit ($3,844)
- Itemized statement: Required with any deductions
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Security Deposit Laws in Sheridan
Under Oregon law, landlords in Sheridan may collect a maximum security deposit of 2 month's rent. At Sheridan's median 2-bedroom rent of $1,922/month, that means the most you can legally collect is $3,844.
$3,844
max deposit (2mo × $1,922)
31 days
return deadline
$3,844
max penalty for late return
Returning the Deposit: The 31-Day Clock
Once a tenant moves out of your Sheridan rental, Oregon law gives you exactly 31 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.
LeaseBase tracks this 31-day deadline automatically for each of your Sheridan properties.
Start free →What you can deduct from a security deposit in Sheridan:
- 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 Oregon security deposit laws rules in Sheridan and you could owe $3,844+. At Sheridan's median rent of $1,922/month, even a single violation adds up fast.
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LeaseBase calculates deposit limits and tracks return deadlines for each property — so you never trigger penalties.
Start free →How Sheridan Rents Affect Deposit Amounts
Deposit amounts scale with local rents. Here's what Sheridan landlords typically collect:
| Unit Size | Median Rent (Sheridan) | Max Deposit (2mo) | Penalty Risk |
|---|---|---|---|
| Studio | $1,570/mo | $3,140 | $6,280 |
| 1-Bedroom | $1,677/mo | $3,354 | $6,708 |
| 2-Bedroom | $1,922/mo | $3,844 | $7,688 |
| 3-Bedroom | $2,619/mo | $5,238 | $10,476 |
Rents based on HUD Fair Market Rents (FY2026) for Yamhill County.
Calculate Your Limits
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More Sheridan Landlord Laws
Security Deposit Laws in Nearby Cities
Own properties in multiple cities? Rules may differ locally:
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Not ready to start? Get the free Security Deposit Laws checklist for Oregon landlords.
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.
