Real Estate Bookkeeping In New Hampshire
Manchester exercises the account-specific rate, which has to be evidenced from the account rather than assumed or remembered. Nashua sits on the Massachusetts border, where owners face two incompatible regimes: a tenant-name account at a Massachusetts bank with treble exposure on one side, an account-rate interest calculation after a year on the other. Concord shows the cost of never accruing, since deposit and interest settle in a single payment inside the same 30 days as the damage assessment.
Locate the city nearest to you and select your software below to learn more. Don’t see your city? Schedule a meeting with us to learn more about how REA can help your property management accounting needs.
New Hampshire at a glance
- Security deposit return
- 30 calendar days
- Governing statute
- RSA 540-A:7
- Cities we publish
- Manchester · Nashua · Concord
What New Hampshire Law Changes About Your Books
Deposit Handling and Trust Requirements
Trust and deposit rules are set state by state, and they change the accounting itself, not just the paperwork around it. A deadline is a ledger requirement: you cannot return a deposit inside a statutory window if the ledger cannot say what is owed.
Security deposits
New Hampshire RSA 540-A:7 requires the deposit returned AND any interest due paid within 30 days of termination, with a written itemised list of any damages claimed. Deposit and interest settle together as one payment, so a portfolio that never accrued cannot produce a correct return even when it meets the deadline.
Trust and segregation
The interest rate is not set by statute. A landlord holding a deposit for a YEAR OR LONGER pays interest at a rate equal to that paid on regular savings accounts at the New Hampshire bank, savings and loan association or credit union WHERE IT IS DEPOSITED. The bank account is therefore an input to the calculation: two portfolios with identical deposits owe different amounts depending on where they bank, and changing institution changes the obligation.
What we do about it
- Deposit liabilities tracked per tenant, so a 30 calendar days deadline is answerable from the ledger
- Trust accounts reconciled three ways, including every beneficiary balance
- Deduction documentation recorded against the correct ledger, not filed separately
- Aging deposits flagged before the statutory window closes
Summary of statutory requirements provided for orientation. It is not legal advice, and local ordinances can impose stricter rules than the state minimum.
Cities We Cover in New Hampshire
Market by Market
We work with property managers and investors across all of New Hampshire, all 255 cities and towns of it. The markets below are the ones we publish New Hampshire-specific detail for. If yours is not listed, the same team and the same RSA 540-A:7 rules still apply.
Manchester
New Hampshire calculates deposit interest at the rate paid by the specific institution holding the money, not at a rate the statute sets. That makes the bank account itself an input to the calculation.
Bookkeeping by platform
Nashua
New Hampshire's interest obligation switches on at one year of holding, which turns a date most systems treat as trivia into the trigger for a recurring liability.
Bookkeeping by platform
Concord
New Hampshire requires the deposit and the interest due to be settled together within 30 days, which means a portfolio that has not been accruing interest cannot produce a correct return even when it meets the deadline.
Bookkeeping by platform
Select Your Software
We Work Inside Your Platform, From Anywhere in New Hampshire
Services Available in This State
Every back-office function below is available on its own or as part of a full monthly close, anywhere in the state.
Experts In All Property Types
Residential, commercial and everything in between. The asset class changes what the books have to prove, and our teams are staffed accordingly.
- Single-Family
- Multifamily
- Student Housing
- Affordable Housing
- Community AssociationsSee the page
- CommercialSee the page
Check Out What Our Clients Have To Say About Us
Property Managers, Investors & Owner Operators
Real-estate-only specialists
As REA exclusively specializes in Real Estate, I rest easy knowing my financials are precise every month while saving money at the same time, an invaluable benefit.
Handed over the whole accounting function
I highly recommend Real Estate Accounting (REA) services from this group. They truly are great and have helped us tremendously at a time we needed it the most. I felt very comfortable giving up all my accounting responsibilities to this team and I'm still glad I made the decision to work with this group. Nothing less than an amazing experience!
Day-to-day financial operations
REA and team have been nothing but excellent helping our firm with its day to day financial needs. Their expertise, professionalism, and timeliness have made our lives so much easier. We foresee a long relationship with REA and team.
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Property Accounting for New Hampshire Portfolios
Schedule a call and we will walk your New Hampshire deposit and trust setup, tell you whether it reconciles today, and scope the monthly work.