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Property management glossary
Money & accounting

Per-room security deposit

Also called: room deposit, individual security deposit

Plain-English definition

A refundable deposit collected from and returned to one resident of a shared home, tracked against that resident rather than the household.

What per-room security deposit means in practice

When each bedroom has its own lease, each deposit has its own return deadline, and that deadline starts when that resident moves out — not when the house finally empties. Deposits are generally a liability you may owe back, and damage in a shared area that cannot be attributed to one person is rarely a clean deduction from one person’s deposit. Limits, accounts, notices, and deadlines are set by state and local law.

Example

One resident moves out on the 18th; their $600 deposit is itemized and returned on that resident’s own deadline while three housemates remain in place.

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This glossary is educational and not legal, tax, lending, or accounting advice. Rules and terminology can vary by jurisdiction and professional context.