Real Estate Investing Glossary
Security deposit
A security deposit is money a tenant pays at the start of a lease to cover unpaid rent or damage beyond normal wear.
A security deposit is money a tenant pays at the start of a lease to cover unpaid rent or damage beyond normal wear. It is held by the landlord and handled according to law and the lease.
Why it matters to a Las Vegas investor
A deposit gives a Las Vegas landlord some protection, but it comes with rules on how it is held, itemized and returned. A property manager typically handles this paperwork.
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Related terms
Questions about Security deposit
Is a security deposit the same as the last month's rent?
No. A deposit secures obligations under the lease and is returned according to the lease terms and state law.
Can a landlord keep a deposit for normal wear?
Generally not. Deposits are meant for unpaid rent and damage beyond normal wear.