Asked by Aliyah Grant on Jun 19, 2024
Verified
Regarding security deposits, which of the following is false?
A) A security deposit is typically in the amount of one month's rent.
B) At the expiration of a lease, the landlord is required to return to the tenant the security deposit minus any costs for damages caused by the tenant.
C) At the expiration of a lease, if a landlord retains any portion of the security deposit, the landlord must provide the tenant with a list of the damages.
D) Federal law determines the amount of time that the landlord has to return the security deposit to the tenant.
E) If the landlord exceeds the deadline in which to return the security deposit, the tenant can recover the deposit, plus attorney fees.
Security Deposits
Funds held by a landlord or lender as a guarantee against damage or non-payment, to be returned or applied to future payments if conditions are met.
Federal Law
Legislation passed by the United States Congress that applies throughout the country, overriding state laws when there is a conflict.
- Recognize legal protections and obligations regarding security deposits.
Verified Answer
SR
Shobha RameshJun 24, 2024
Final Answer :
D
Explanation :
Federal law does not determine the amount of time a landlord has to return a security deposit; this is typically governed by state or local laws.
Learning Objectives
- Recognize legal protections and obligations regarding security deposits.