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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 .
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.
Itemization may refer to: List; Itemized deduction, in United States tax law, expenses that individual taxpayers can claim on federal income tax returns
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 .
High-yield checking accounts are federally insured by either the Federal Deposit Insurance Corporation or the National Credit Union Administration for up to $250,000 per account, protecting your ...
The form provides the employer with a Social Security number. Also, on the form employees declare the number of withholding allowances they believe they are entitled to. Allowances are generally based on the number of personal exemptions plus an amount for itemized deductions, losses, or credits. Employers are entitled to rely on employee ...
Anything 'extra' that is not included in the 800-1200 charges are itemized in the 1300 section. This includes things like the survey, HOA fees, and repairs. 1302 - Pest Inspection; This is the cost of the pest inspector. Their purpose is to document the state of the property that the lender is making the loan on.
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