Question

Some landlords ask for a special deposit before renting out an apartment. Which is the most likely purpose of a special deposit?

Answer 1

It is money given to a landlord to provide some protection to a landlord for damage to the rented premises or for tenant failure. Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

Answer 2

The special depost is formally called a security depost. The deposit is required so that the landlord has collateral if something happens during the renters' stay. The renter pays typically a month of rent in advance and if nothing happens or is broken when they move out of the home then they will get their deposit back. This deposit is security for the landlord to cover potential mistreatment.