Under Rhode Island law, what is the maximum security deposit a landlord may collect from a residential tenant?
Correct Answer
B) One month's rent
Under the Rhode Island Residential Landlord and Tenant Act, RIGL §34-18-19, a landlord may not demand or receive a security deposit in excess of one month's periodic rent. Anything above one month's rent is prohibited by statute.
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More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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