What must a landlord provide as a maximum security deposit for residential leases?

For residential leases in Hawaii, the law stipulates that the maximum security deposit a landlord can require is equivalent to one month's rent. This provision is designed to protect tenants from excessive upfront costs when entering into a rental agreement. It helps maintain a balance in the rental market, ensuring that security deposits are reasonable and do not place an undue burden on tenants.

This restriction is particularly important for ensuring that renters are not priced out of the market due to exorbitant initial payments, fostering fair rental practices. While some states may allow larger security deposits, Hawaii's regulations focus on providing tenants with a sense of security and affordability in their housing choices. Understanding these regulations is crucial for both landlords and tenants to navigate the rental process effectively.