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What is the most that a landlord can hold as a security deposit?

April 26, 2017deposit hold landlord security

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What is the most that a landlord can hold as a security deposit?

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During the first year of the lease, a landlord can hold an amount no greater than two months rental. During the second and subsequent years of the lease, or upon renewal of the original lease, no more than one month of rent can be held.