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The Government of Bermuda Home

Security Deposit is too high

From "The Landlord and Tenant Act 2025"

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A three months security Deposit is far to high. Common practice is that one twelves of the annual rent is used by the landlord for any upkeep and repair, thus a months rent should be sufficient for damages to the property which tenant is not willing or able to pay for. "normal people" don't have 3 of the already sky rocking rents sitting in a bank account. Consider normal people, please. Rentcontrol units used to have a max of 1/2 a rent!!

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Profile of K. D.
Posted by:K. D.
9 months ago
(8) already states that any additional loss the landlord can claim as civil debt, so 3 rents is not necessary

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    Posted by

    Profile of K. D.K. D. on October 29, 2025

    Current status

    proposed