Exam term
Security deposit
Money a tenant pays to secure lease obligations. It is not rent income and must be recorded separately, with deductions limited to lawful ones.
Lessons that use this term
- Property management and California residential landlord-tenant law California
- The Florida Residential Landlord and Tenant Act: security deposits and advance rent Florida
- Property management and the management agreement New York
- The property manager's skills, markets, obligations to the owner, and budgets New York
- Property management agreements: funds, maintenance, leasing, rents, and deposits Texas