Property Management
Under Idaho law, what must a property manager do with security deposits collected from residential tenants?
ADeposit them in the manager's personal account
BHold them in a separate trust account or clearly segregated account, and provide an itemized accounting within 21 days of tenant move-out✓ Correct
CInvest them in money market accounts for the manager's benefit
DPay them into the IREC trust fund
Explanation
Idaho law requires security deposits to be held separately from the manager's operating funds in a trust account. Upon tenant move-out, the landlord must either return the full deposit or provide a written itemized statement of deductions within 21 days.
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