Free Pennsylvania Real Estate Practice Exam Practice Question
With regard to security deposits, which of the following is a CORRECT statement?
Correct Answer: B
Rationale: Security deposits are funds provided by tenants to cover potential damages or unpaid rent, making option B accurate, as these deposits are indeed the property of the owner until returned or used for legitimate expenses.
Option A is incorrect; security deposits are not universally required and depend on the lease agreement. Option C misrepresents regulations; while some jurisdictions limit deposits, others may allow different amounts. Option D is misleading; security deposits must typically be returned unless legitimate deductions are warranted, ensuring tenant rights are protected.
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