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
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.
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.
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