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Security deposit
 | The examples and perspective in this article may not represent a worldwide view of the subject. (May 2024) |
A security deposit is a sum of money held in trust.[1]
In leasing, security deposits, also known as "rent deposits",[2] are required most often by lessors of automobiles, residential property, and commercial real estate.[1]
- ^ a b Helewitz, Jeffery A. (2015). Basic Real Estate and Property Law for Paralegals (5th ed.). Frederick, MD: Wolters Kluwer. pp. 174, 255. ISBN 978-1-4548-5122-6.
- ^ Ralphs, S., Commercial Rent Deposits – A brief overview, Clarkslegal LLP, published 19 December 2022, accessed 26 May 2024
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