Which of the following statements concerning a security deposit is correct?A. It must be returned to the tenant within twenty-one days of termination of occupancy.B. It may be maintained in the landlord's regular business account as long as it is interest -bearing.C. It may not exceed the first month's rent.

The correct statement concerning a security deposit depends on the specific regulations and laws…

Answered: Which of the following statements…

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter5: Buying The Necessities

Section: Chapter Questions

Problem 6AA

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Question

Which of the following statements concerning a security deposit is correct?
A. It must be returned to the tenant within twenty-one days of termination of occupancy.
B. It may be maintained in the landlord's regular business account as long as it is interest -
bearing.
C. It may not exceed the first month's rent.

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