Sandra moves out of her Silver Spring apartment on June 1st after her lease expires. She left the unit in good condition. Under Maryland law, by what deadline must the landlord return Sandra's security deposit or provide a written itemized list of deductions?
Correct Answer
D) Within 45 days after Sandra vacates the unit
Under Md. Code Ann., Real Property § 8-203(e)(1), a Maryland landlord must return the security deposit, along with accrued interest, or provide the tenant with a written itemized statement of deductions within 45 days after the tenancy ends and the tenant vacates the unit. In Sandra's case, the landlord has until July 16th (45 days from June 1st) to comply. Failure to meet this deadline exposes the landlord to treble damages and attorney's fees.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
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