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hey everyone Jake Fugate here with smart land apartments when renting one of the things that you're going to have to pay is the dreaded security deposit now each place and even each state handles these things differently however we're going to show you what you can basically expect when it comes to paying your security deposit first what even is a security deposit a security deposit is a sum of money a new resident gives their property manager or landlord when moving into a rental property it's usually an additional month's worth of rent and they can legally use it or deduct from it to pay for damages to the property caused by the tenant or it can be using the case when a resident skips rent this means you'll typically pay one or two months rent before even setting foot on the property the silver lining here is you can get it back now a security deposit isn't just lining for your landlords pockets there are reasons why they need it it's often kept in a separate bank account than their...
