Florida Deposit bank holding / separate account

Deposit bank holding / separate account in Florida

The landlord must keep deposits in a separate account at a Florida financial institution, which can be non-interest-bearing or interest-bearing, or post a surety bond instead. Code text: "Hold the total amount of such money in a separate non-interest-bearing account in a Florida financial institution for the benefit of the tenant or tenants."

Verified Source: Fla. Stat. § 83.49(1) · last checked 2026-10-16