The purpose of a security deposit is to:
A)pay for any damages that may occur during the lease period.
B)cover the costs of utilities.
C)pay for the tenant's portion of real estate property taxes.
D)cover increases in monthly rent.
E)meet government housing regulations for a safe building.

Question

Quizplus · Accepted Answer

A security deposit is primarily collected by landlords to pay for any damages to the property that may occur during the tenant's lease period, beyond normal wear and tear.

The Purpose of a Security Deposit Is To