Here’s my latest clip for MyMove.com – thank you for reading!
Landlords often require tenants to pay a security deposit as part of their lease agreement before moving into an apartment. Depending on the transaction terms between the landlord and tenant, the security deposit can either be refundable or nonrefundable. Landlords collect these funds as a means of security, as well as to pay for future damages that might occur.
Source: What is a Security Deposit? | MYMOVE
