Under Montana law, how many days does a landlord have to return a security deposit (or provide an itemized written statement of deductions) after a tenant vacates?
Correct Answer
C) 30 days
Under MCA § 70-25-202, a Montana landlord must return the security deposit or provide an itemized written statement of deductions within 30 days after the tenancy terminates and the tenant vacates. If no deductions are made, the deposit must be returned within 10 days. Failure to comply may result in the landlord forfeiting the right to retain any portion of the deposit.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
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