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.
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.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter4: Going Into Debt
Section: Chapter Questions
Problem 19AA
Question

Transcribed Image Text: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.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Recommended textbooks for you

Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co


Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co


Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning

Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc