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If a residential tenant rents a property from a landlord for three years the maximum
amount of security deposit the landlord may require from the tenant in the third year is

Respuesta :

The maximum security deposit which the landlord can require for a property rentage for three years is:

  • Two months rent for first renting and a maximum of one month's rent for subsequent rentals.

What is Security Deposit?

This refers to the amount of money which is given by the tenant to the landlord as a form of proof of intent to go into a  property.

With this in mind, we can see that the maximum security deposit which a landlord can require from a proposed tenant who wants to stay for three years is two months rent.

Read more about security deposit here:

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