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Indiana Security Deposit Laws: Complete Guide to Collection, Holding & Returns

Leaseway Team

Leaseway Team

Property Management Experts

January 4, 20268 min read
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Article Summary

Master Indiana's security deposit rules to protect yourself legally and maintain positive tenant relationships. Includes move-in/move-out checklist templates.

Published: January 4, 2026

Security deposits are essential protection for landlords, but mishandling them is one of the quickest ways to end up in court...

Sources & References

  • Indiana Code IC 32-31-3 - Security Deposits
  • Indiana State Bar - Landlord-Tenant FAQ
  • Leaseway Move-In/Move-Out Procedures

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About the Author

Leaseway Team
Leaseway TeamProperty Management Experts

The Leaseway Team brings together decades of combined experience in Indianapolis property management, real estate investing, and landlord-tenant relations. Our experts are dedicated to helping property owners maximize their investments.

Licensed Indiana Property ManagersNARPM Members500+ Properties Managed

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Table of Contents

  1. 1.Indiana Security Deposit Requirements
  2. 2.Collecting Security Deposits
  3. 3.Proper Holding & Account Requirements
  4. 4.Move-In Inspection Process
  5. 5.Move-Out Inspection Process
  6. 6.Allowable vs. Prohibited Deductions
  7. 7.Creating the Itemized Statement
  8. 8.The 45-Day Return Requirement
  9. 9.Handling Deposit Disputes
  10. 10.Free Checklist Templates

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