Property Management
A Florida property manager receives a security deposit of $2,000 and monthly rent of $1,500. Under Florida law, the landlord must disclose to the tenant:
AOnly the amount of the deposit
BThe name and address of the depository holding the deposit, and whether it is interest-bearing✓ Correct
CThe property's assessed value
DThe owner's identity
Explanation
Chapter 83 F.S. requires landlords to disclose in writing to tenants: where the security deposit is held (name and address of the depository institution), whether the account is interest-bearing or non-interest-bearing, and the manner in which the deposit is held.
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