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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 .
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 ...
The security deposit is typically equal to one month’s rent or less, but it can sometimes be more. If you can’t cover that amount yet, you’ll have to save up some cash first. And, of course ...
Safe deposit boxes inside a Swiss bank. Safe deposit vault in Joplin, Missouri after the 2011 Joplin tornado, remaining intact despite the destruction of the bank that housed it. A safe deposit box, commonly referred to incorrectly as a safety deposit box, is an individually secured container, usually held within a larger safe or bank vault.
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 unsecured credit card is a credit card that does not require you to put up any type of collateral, such as a deposit, to get approved. Unlike secured credit cards, unsecured cards aren’t ...
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.
Choose a credit card for your rental car’s security deposit to keep your bank funds free from excessive holds. Opt for a credit card that offers car rental insurance or a collision damage waiver ...
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