Property Management

Under NH law, what is the maximum security deposit a residential landlord may collect from a tenant?

AOne month's rent
BOne month's rent, or $100 if the tenant is 60 years or older✓ Correct
CTwo months' rent
DThree months' rent

Explanation

NH RSA 540-A:6 limits residential security deposits to one month's rent (or the actual monthly rent, whichever is greater). For tenants age 60 or older, the maximum is one month's rent or $100, whichever is greater. This protects vulnerable tenants from excessive upfront costs.

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