Under Nebraska's Residential Landlord and Tenant Act, what is the maximum security deposit a landlord may charge for an unfurnished unit?
Correct Answer
B) One month's rent, or one and one-quarter months' rent if the tenant has a pet
Nebraska Revised Statutes §76-1416 limits security deposits for unfurnished residential units to one month's rent. If the tenant has a pet, the landlord may collect up to one and one-quarter months' rent. For furnished units, the limit is one and one-half months' rent. Collecting more than the statutory maximum is a violation of the Nebraska Residential Landlord and Tenant Act.
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Related Topics & Key Terms
Related Topics:
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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