# 14 M.R.S. § 6035: 14 §6035. Transfer of security deposit

> Maine · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ME_T14_P7_C710-A_S6035

## Section

- **Citation:** 14 M.R.S. § 6035
- **Heading:** 14 §6035. Transfer of security deposit
- **Jurisdiction:** Maine
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** ME Code / Title 14 / Part 7 / Chapter 710-A / Section 6035

## Text

1. Landlord's termination of interests in dwelling unit. Upon termination of a landlord's interest in the dwelling unit, whether by sale, assignment, death, appointment of a receiver or otherwise, the person in possession of a security deposit, including, but not limited to, the landlord, the landlord's agent or the landlord's executor, shall, upon the transfer of the interest in the dwelling unit: A. Provide to the landlord's successor in interest an accounting of the amount of each security deposit paid by each tenant and held by the person in possession of the security deposits, transfer the funds or any remainder after lawful deduction under this chapter to the landlord's successor in interest and provide to the tenant by mail: (1) Notice of that transfer; (2) Notice of the transferee's name and address; and (3) A copy of the accounting of the amount of the security deposit transferred; or [PL 1999, c. 213, §1 (RPR).] B. Return the funds or any remainder after lawful deductions under this section to the tenant. [PL 1999, c. 213, §1 (RPR).] If the landlord's interest is terminated by sale, then the accounting and transfer of funds must occur no later than at the real estate closing. A person in possession of a security deposit, including, but not limited to, the landlord, the landlord's agent or the landlord's executor, shall provide written proof of the accounting and transfer of funds to the landlord's successor in interest at the real estate closing. [PL 2007, c. 332, §1 (AMD).]

2. Release from liability following compliance. Upon compliance with this section, the person in possession of the security deposit shall be relieved of further liability, and the transferee, in relation to those funds, shall be deemed to have all of the rights and obligations of a landlord holding the funds as a security deposit. [PL 1977, c. 359 (NEW).]

## Nearby sections

- [14 M.R.S. § 6031 14 §6031. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_ME_T14_P7_C710-A_S6031.md)
- [14 M.R.S. § 6032 14 §6032. Maximum security deposit](https://www.frixlaw.com/law-library/statutes/STATE_ME_T14_P7_C710-A_S6032.md)
- [14 M.R.S. § 6033 14 §6033. Return of the security deposit](https://www.frixlaw.com/law-library/statutes/STATE_ME_T14_P7_C710-A_S6033.md)
- [14 M.R.S. § 6034 14 §6034. Wrongful retention; damages](https://www.frixlaw.com/law-library/statutes/STATE_ME_T14_P7_C710-A_S6034.md)
- [14 M.R.S. § 6035 14 §6035. Transfer of security deposit](https://www.frixlaw.com/law-library/statutes/STATE_ME_T14_P7_C710-A_S6035.md)
- [14 M.R.S. § 6036 14 §6036. Waiver of provisions](https://www.frixlaw.com/law-library/statutes/STATE_ME_T14_P7_C710-A_S6036.md)
- [14 M.R.S. § 6037 14 §6037. Exemptions](https://www.frixlaw.com/law-library/statutes/STATE_ME_T14_P7_C710-A_S6037.md)
- [14 M.R.S. § 6038 14 §6038. Treatment of security deposit](https://www.frixlaw.com/law-library/statutes/STATE_ME_T14_P7_C710-A_S6038.md)
- [14 M.R.S. § 6039 14 §6039. Surety bonds](https://www.frixlaw.com/law-library/statutes/STATE_ME_T14_P7_C710-A_S6039.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ME_T14_P7_C710-A_S6035. Check the current official text before relying on it. Not legal advice.