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12. Security deposits for rental property should be listed in a closing statement as a debit to A. the buyer. B. the seller. C. the tenants. D. the escrow agent.

12. Security deposits for rental property should be listed in a closing statement as a debit to A. the buyer. B. the seller. C. the tenants. D. the escrow agent.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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12. Security deposits for rental property should be B. the seller owes the buyer $275. 12 Security deposits for rental property should he listed in a closing statement as a debit to A. the buyer. B. the seller. C. the tenants. D. the escrow agent. 13. The seller collected the monthly rent of $550 from the tenant on September 1. At the September 15 closing, A. the seller owes the buyer $550. * the seller owes the buyer $275.
Transcribed Image Text:12. Security deposits for rental property should be B. the seller owes the buyer $275. 12 Security deposits for rental property should he listed in a closing statement as a debit to A. the buyer. B. the seller. C. the tenants. D. the escrow agent. 13. The seller collected the monthly rent of $550 from the tenant on September 1. At the September 15 closing, A. the seller owes the buyer $550. * the seller owes the buyer $275.
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A security deposit in rent agreement is  an upfront amount  by buyer to seller to hold until the tenant moves out from property. 

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