Under Montana law, what is the maximum security deposit a landlord may collect from a residential tenant?
Correct Answer
A) No statutory limit
Montana law (MCA § 70-25-201) does not impose a statutory cap on the amount a landlord may collect as a security deposit. Landlords and tenants negotiate the deposit amount, though it must be returned or accounted for within the timeframes specified by the Montana Residential Landlord and Tenant Act.
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Related Topics & Key Terms
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Related Concepts
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.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
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