Security Deposit Law

Security deposit laws govern the money landlords collect from tenants to cover potential damages or unpaid rent when they move out. Typically, this deposit equals one month's rent and must be returned within a specific time frame after the lease ends, minus any justified deductions for damages. Different regions have specific regulations outlining how much can be charged, how to handle the deposit, and the process for its return. These laws aim to protect both tenants and landlords, ensuring transparency and fairness in rental agreements.