Which of the following must a landlord provide within 14 days of lease termination?

Which of the following must a landlord provide within 14 days of lease termination?

• A. A return of the full security deposit
• B. A security deposit statement and remaining portion of the deposit
• C. A new lease agreement
• D. A written apology to the tenant

Answer: (B)

The requirement for a landlord to provide a security deposit statement and the remaining portion of the deposit within 14 days of lease termination is key to ensuring transparency and fairness in the rental process. This regulation is in place to protect tenants from improper deductions and to clarify any withholding that may occur. When a lease is terminated, the landlord must conduct an inspection of the property to assess any damages or necessary repairs. The security deposit statement outlines the condition of the property and itemizes any costs that are deducted from the security deposit for damages beyond normal wear and tear. This documentation provides clarity to the tenant regarding how their deposit is being handled and ensures compliance with state laws governing security deposits. In contrast, simply returning the full security deposit without a statement would not adhere to the legal requirements if there are valid deductions. A new lease agreement is irrelevant to this scenario, as it pertains to maintaining an existing tenancy rather than addressing a concluded one. Lastly, a written apology does not have any legal significance in the context of lease termination and security deposit returns. Thus, providing a security deposit statement along with any remaining portion of the deposit is essential for maintaining proper landlord-tenant relations and fulfilling legal obligations.

The requirement for a landlord to provide a security deposit statement and the remaining portion of the deposit within 14 days of lease termination is key to ensuring transparency and fairness in the rental process. This regulation is in place to protect tenants from improper deductions and to clarify any withholding that may occur.

When a lease is terminated, the landlord must conduct an inspection of the property to assess any damages or necessary repairs. The security deposit statement outlines the condition of the property and itemizes any costs that are deducted from the security deposit for damages beyond normal wear and tear. This documentation provides clarity to the tenant regarding how their deposit is being handled and ensures compliance with state laws governing security deposits.

In contrast, simply returning the full security deposit without a statement would not adhere to the legal requirements if there are valid deductions. A new lease agreement is irrelevant to this scenario, as it pertains to maintaining an existing tenancy rather than addressing a concluded one. Lastly, a written apology does not have any legal significance in the context of lease termination and security deposit returns. Thus, providing a security deposit statement along with any remaining portion of the deposit is essential for maintaining proper landlord-tenant relations and fulfilling legal obligations.