Search results
Results from the WOW.Com Content Network
In California, there are only four reasons why a landlord may withhold a security deposit: to cover unpaid rent, to clean the rental when a tenant moves out, to repair damages caused by the renter ...
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 .
California joins 11 U.S. states — including Delaware, Alabama and Massachusetts — to limit security deposits to one month’s rent, said Haney, who amended his bill for small-scale landlords ...
A damage deposit or deposit is a sum of money paid in relation to a rented item to ensure it is returned in good condition. They are particularly common in relation to rented accommodation , where they may also be referred to as a tenancy deposit , bond deposit , [ 1 ] or bond .
An earnest payment or earnest money is a specific form of security deposit made in some major transactions such as real estate dealings or required by some official procurement processes to demonstrate that the applicant is serious and willing to demonstrate an earnest of good faith about wanting to complete the transaction.
A deposit bond, also known as a deposit guarantee, is a type of surety bond widely utilized in Australia as an alternative to cash for security deposits in residential and commercial property transactions. This financial instrument facilitates property purchases by allowing buyers to provide a deposit bond in place of upfront cash.
For a time, checking accounts were subject to reserve requirements, whereas there was no reserve requirement on savings accounts and time deposit accounts of individuals. [18] The Board for some time set a zero reserve requirement for banks with eligible deposits up to $16 million, 3% for banks up to $122.3 million, and 10% thereafter. The ...
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts , current accounts or any of several other types of accounts explained below.