---
title: "Security Deposit: May I hold onto my tenant’s security deposit?"
description: No, we require all deposits to be held in a specific trust account that we manage. This includes deposits that you have been holding for existing tenants at the time we took over management.
url: "https://smarteggmgmt.com/faq/security-deposit-may-i-hold-onto-my-tenants-security-deposit/"
updated: "2024-11-23"
category: Property Owner FAQ
---

# Security Deposit: May I hold onto my tenant’s security deposit?

No, we require all deposits to be held in a specific trust account that we manage. This includes deposits that you have been holding for existing tenants at the time we took over management.