CRLS CRLS Lease Administration & Security Deposits

Question 1

What is the maximum security deposit most US states allow for an unfurnished residential unit?

Accepted Answer

One to two months' rent, depending on state law

Answer

Six months' rent

Answer

Any amount negotiated between landlord and tenant

Answer

No limit; it is entirely at the landlord's discretion

Question 2

Within how many days must a landlord typically return a security deposit after a tenant vacates?

Accepted Answer

14 to 30 days, depending on state law

Answer

60 to 90 days

Answer

6 months

Answer

Immediately upon move-out

Question 3

Which of the following is a legally permissible deduction from a tenant's security deposit?

Accepted Answer

Repairing damage beyond normal wear and tear

Answer

Repainting walls that have minor scuff marks

Answer

Replacing carpet that is 15 years old and fully depreciated

Answer

Cleaning a unit left in the same condition as move-in

Question 4

What is 'normal wear and tear' in the context of a residential lease?

Accepted Answer

Gradual deterioration from ordinary use, such as minor scuffs and faded paint

Answer

Any damage caused by the tenant regardless of severity

Answer

Damage resulting from a tenant's pets or children

Answer

Stains and holes that require professional repair

Question 5

If a landlord wrongfully withholds a security deposit in violation of state law, what remedy may a tenant seek?

Accepted Answer

Up to two to three times the deposit amount as a penalty, plus attorney fees

Answer

Only the return of the original deposit amount

Answer

A rent reduction for the following month

Answer

Filing a complaint with the local zoning board

Question 6

Where must security deposits be held in many US states?

Accepted Answer

In a separate interest-bearing escrow account

Answer

In the landlord's general operating account

Answer

In a safe at the rental property

Answer

In the property manager's personal savings account