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[Music] if you are a first-time renter and dont have experience with security deposits you may not understand the entire process or each partys responsibility today we discuss how rental security deposits work plus some best practices for getting your full deposit back after move out hey everyone its alyssa here from bay property management group your local property management experts before we get started be sure to like share and subscribe for more content on creating passive income through real estate plus tips for owners investors managers and tenants so with that said lets jump into todays video lets begin by defining what is a rental security deposit this is a set amount of money that tenants pay before moving into a rental property the funds are then held by the landlord for the duration of the lease and are either returned to the occupant or withheld for damages or unpaid bills upon move out that said always read your lease carefully for any specific terms or requirement