UNDERSTANDING TENANT SECURITY DEPOSITS: A GUIDE FOR LANDLORDS

Security deposit is one of the most crucial aspects of the rental market as well as property management for landlords. Apart from being a transactional fund exchange between the renter and the owner, it upholds the symbol of assurance and trust. Security deposits as a means of financial safety for the landlords. It ensures the landowners that their property will be well taken care of during the stay of the tenants. However, if the property goes through any damage by the renters, they can utilize the security deposit amount.

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