MLchartDataset catalogue

Security deposit

Term · Law · MLC-T-LAW-004446

A monetary sum paid by a tenant to a landlord at the beginning of a lease agreement, held as collateral for the tenant's fulfillment of lease obligations. This amount covers potential damages to the property beyond normal wear and tear, unpaid rent, or cleaning costs upon vacating. Laws governing the maximum amount and return of security deposits vary by jurisdiction, often requiring interest accrual.

Table 1. Record
IdentifierMLC-T-LAW-004446
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004446",
  "term": "Security deposit",
  "field": "Law",
  "definition": "A monetary sum paid by a tenant to a landlord at the beginning of a lease agreement, held as collateral for the tenant's fulfillment of lease obligations. This amount covers potential damages to the property beyond normal wear and tear, unpaid rent, or cleaning costs upon vacating. Laws governing the maximum amount and return of security deposits vary by jurisdiction, often requiring interest accrual.",
  "url": "https://mlchart.com/terminology/law/security-deposit/"
}

Record 4,519 of 5,445 in Law terminology (MLC-0107). Request the full dataset.