Money deposited by or for the tenant with the landlord, to be held by the landlord for the following purposes: 1. To remedy tenant defaults for damage to the premises (be it accidental or intentional), for failure to pay rent due or for failure to return keys at the end of the tenancy; 2. To clean the dwelling so as to place it in as fit a condition as when the tenant commenced possession, considering normal wear and tear; and 3. To compensate for damages caused by a tenant who wrongfully quits the dwelling unit. (See landlord, tenant).
Barry Goldsmith
| APA | Barry Goldsmith. (2010). security deposit. Retrieved September 21, 2026, from http://smartdefine.org/security_deposit/definitions/1163142 |
| Chicago | Barry Goldsmith. 2010. "security deposit" http://smartdefine.org/security_deposit/definitions/1163142 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, security deposit, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/security_deposit/definitions/1163142>. |
| MLA | Barry Goldsmith. "security deposit" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/security_deposit/definitions/1163142> |