1806                             Laws of Maryland                      [Ch. 717

43C.

(a)    Within 45 days after the end of the tenancy, the landlord
shall return the security deposit to the tenant together with simple
interest which shall have accrued in the amount of 3% per annum,
less any damages rightfully withheld.

(b)    Interest shall accrue at six month intervals from, the day the
tenant gives the landlord the security deposit. Interest shall not
compound.

(c)    Interest shall be payable only on security deposits of $50 or
more.

(d)    If the landlord shall, without a reasonable basis, fail to return
all or any part of the security deposit, plus accrued interest, within
45 days after the termination of the tenancy, the tenant has an
action of up to threefold of the amount so withheld, plus reasonable
attorney's fees.

43D.

(a)    The security deposit, or any portion thereof, may only be
withheld for unpaid rent, damage due to breach of lease or for
damage to the leased premises the tenant, his family, agents, em-
ployees, or social guests in excess of ordinary wear and tear.

(b)    The security deposit is not liquidated damages and may not
be forfeited to the landlord for breach of the rental agreement,
except in the amount that the landlord is actually damaged by the
breach.

(c)    In calculating damages for lost future rents any amount of
rents received by the landlord for the premises during the remainder
if any, of the tenant's term, shall reduce the damages by a like
amount.

43E.

(a)    If damages are ANY PORTION OF THE SECURITY DE-
POSIT IS withheld, the landlord shall present BY FIRST CLASS
MAIL DIRECTED TO THE LAST KNOWN ADDRESS OF the
tenant, within 30 days after the termination of the tenancy, a written
list of the damages claimed UNDER SECTION 43D(A), together
with a statement of their cost. THE COST ACTUALLY INCURRED.

(b)    Failure by the landlord to comply with this requirement shall
forfeit the right of the landlord to withhold any part of the security
deposit for damages.

No provision herein may be waived in any lease, written or oral.

43H.

43G.

This subtitle shall only apply to residential leases or rentals.

43G.

43E.

43E.

43D.