Security deposits can be one of the most confusing and irritation-inducing elements to renting a home. A security deposit is money a landlord requires a tenant to pay, outside of a rent payment, that is kept in a separate fund to be used for damages to the property upon move-out or other violations of contract.
Buildium, an online property management software company with over 10 years of experience, has put together a great list of tips for landlords, tenants, and property managers to better understand the ins and outs of security deposits. The link below will take you directly to their online guide.
Laws and regulations vary state to state, so if you have additional questions, don't hesitate to contact The Property Shop 101, LLC.
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