What is the maximum security deposit in Mount Summit, Indiana?

Indiana has no statutory limit on security deposits. Landlords should charge a reasonable amount.

How many days does a Mount Summit landlord have to return a security deposit?

Landlords in Mount Summit must return the security deposit within 45 days after the tenant moves out. 45 days

What is the penalty for not returning a security deposit on time in Mount Summit?

Tenant may recover the deposit plus attorney fees if landlord acts in bad faith The tenant can also recover court costs and attorney fees in most cases.

Mount Summit Security Deposit Calculator (2026) — Free

One missed deadline. One wrong deduction. That's all it takes to owe 2x penalties in Mount Summit. Calculate your exact limits before it costs you.

Calculate Your Security Deposit Limits

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Mount Summit Security Deposit by Unit Size

Here are the amounts at Mount Summit's current Fair Market Rents:

Unit Size	Median Rent	Max Deposit	Penalty Risk
Studio	$771/mo	No limit	Varies
1-Bedroom	$775/mo	No limit	Varies
2-Bedroom	$956/mo	No limit	Varies
3-Bedroom	$1,146/mo	No limit	Varies
4-Bedroom	$1,266/mo	No limit	Varies

Rents based on HUD Fair Market Rents (FY2026) for Henry County.

Penalty Warning

If you fail to return the deposit within 45 days, a Mount Summit tenant can sue for up to 2x the amount wrongfully withheld, plus attorney fees. Tenant may recover the deposit plus attorney fees if landlord acts in bad faith

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For the full breakdown of rules, deadlines, and procedures, see our Mount Summit Security Deposit Laws guide.

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How we built this calculator: Security Deposit Calculator rules are based on Indiana state statutes (Ind. Code §32-31-1 et seq.). Default rent values come from HUD Fair Market Rents (FY2026) for the Mount Summit area. Last updated: August 2026. This tool provides general information, not legal advice. Consult a licensed attorney for guidance specific to your situation.

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Reviewed 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.