Real Estate Leases
Overview
Check Pricing
3-Step Process
Why LegalZoom?
Education Center
Real Estate Leases Education
FAQ
Glossary

Why LegalZoom

Home | More Legal Documents | Real Estate Leases
Real Estate Leases Glossary

SECURITY DEPOSIT

Money the tenant pays to the landlord that provides monetary security in case of property damage, or if the tenant fails to comply with the agreement, such as moving out before the lease ends. The tenant receives the deposit back at the end of the lease, minus any deductions for the cost of repairs or restoration.