Updated December 01, 2022
A North Dakota security deposit demand letter is sent to a landlord who has failed to repay a tenant’s deposit within thirty (30) days of a tenancy being terminated. If a landlord demands a security deposit, it must be put in a federally insured interest-bearing savings or checking account for the benefit of the tenant. This money, plus interest, must be returned to the tenant within thirty (30) days of the end of their lease. In the event that the landlord fails to pay back the tenant or to properly claim the deposit for property damages, they will be liable for three (3) times the amount of the security deposit money withheld.
Laws – § 47-16-07.1