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What is security deposit?

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0 2022-05-16T18:32:18+00:00
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Hey,

My father is a landlord, so I can tell you what a security deposit is. In the real estate industry, when you get a rental property (commercial or residential), the landlord asks you to deposit a certain amount as a security deposit. This amount is used to either repair any damages or cover up the cost for anything stolen or lost by the tenant. Read more about it in this answer:

What is a Security Deposit?

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