Understanding Security Deposits
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Security DepositLeaseFinancialMove-Out
Understanding Security Deposits
Security Deposit Basics
A security deposit is a refundable payment made to your landlord before moving in. For military tenants:
- Typically equals one month's rent
- Must be returned within state-mandated timeframes
- Protected under some state military clauses
- May be reduced with military discount programs
Military-Specific Protections
SCRA Protections
- Expedited return requirements during PCS
- Protection from excessive deposits
- Interest payment requirements (state-specific)
- Dispute resolution procedures
State Variations
- Different maximum amounts
- Return timeframe requirements
- Interest payment rules
- Documentation requirements