Definition
Deposits are held under state-specific rules (separate account, interest bearing in some states) and must be returned with itemized deductions within a statutory window.
Money held to cover damage or unpaid rent at the end of a tenancy.
Deposits are held under state-specific rules (separate account, interest bearing in some states) and must be returned with itemized deductions within a statutory window.
A one-month security deposit is held in a separate account and returned within 21 days of move-out in California, with itemization.
Charges beyond base rent that the lease treats as rent for enforcement purposes.
Verifying credit, eviction history, income, and references for a rental applicant.
Net operating income divided by property value, expressed as a percentage.
The pro-rata share of shared-space upkeep charged to commercial tenants.
The state of a resident being past due on rent or other lease charges.
Money held by a third party until a specific condition is met.