September 19

What you need to know about a security deposit.

Real Estate Attorney When a landlord collects a security deposit from a tenant, it is wise to include in the lease that the landlord is not required to keep the security deposit in a separate account, which allows the landlord to deposit the security deposit into the landlord’s general operating account. The landlord will, of course, have to timely account to the tenant at the end of the lease what happens to the security deposit.

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