Property Management
A Maine residential property manager collects first month's rent, last month's rent, and a security deposit before move-in. Under Maine law, the security deposit is limited to:
AOne month's rent
BTwo months' rent✓ Correct
CThree months' rent
DNo limit by law
Explanation
Maine limits security deposits to a maximum of two months' rent for residential tenancies. The last month's rent collected in advance is separate from the security deposit and is not subject to the same two-month cap.
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