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Updated over 7 years ago on . Most recent reply

User Stats

205
Posts
88
Votes
Jerome Morelos
Pro Member
  • Redlands, CA
88
Votes |
205
Posts

What is a security deposit?

Jerome Morelos
Pro Member
  • Redlands, CA
Posted
Can someone explain what a security deposit is? Thanks.
  • Jerome Morelos
  • Most Popular Reply

    User Stats

    106
    Posts
    54
    Votes
    Kevin Wang
    • Real Estate Agent
    • Plano, TX
    54
    Votes |
    106
    Posts
    Kevin Wang
    • Real Estate Agent
    • Plano, TX
    Replied

    Hi Jerome Morelos

    A security deposit is held by the landlord as good faith when the tenant leaves the unit as its original condition and may be deducted beyond normal wear and tear

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