Payment required by the landlord in advance to cover wear and tear of the unit and to secure a unit for the renter is called the

Name: Payment required by the landlord in advance to cover wear and tear of the unit and to secure a unit for the renter is called the
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Question

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A security deposit is a sum of money paid by a tenant to a landlord before moving in, intended to cover any potential damage to the property beyond normal wear and tear, and to secure the rental agreement.

Payment Required by the Landlord in Advance to Cover Wear