Generally, a security deposit on a rental property is refundable. It is meant as a down payment to secure the property and withheld by the landlord until the time comes for the tenant to leave the premises. This is only required by landlords to protect their interest, in case you’re unable to pay, left suddenly, damaged their property or some unforeseeable event happens that incurs them costs because of your actions. Deposits are dependent on your contract and
tenant laws implemented in the state you’re in though, so make sure to research those before you sign anything.
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