What about the security deposit. Again, this is state specific. Generally, deposit money is any money held by the LL, including, but not limited to, security for the duration of the agreement, damage deposits, advance rent deposits, pet deposits, or any contractual deposit agreed to between LL & tenant. A landlord can retain a tenant’s security deposit for physical (property damage beyond normal wear & tear, be it via willful or neglectful actions) or monetary damages (monetary can be tenant’s breach of the agreement prior to expiration of lease/agreement).
