Property Management (alternative)
Under Maryland law, a landlord who charges more than the allowed security deposit maximum (generally 2 months' rent) is:
APermitted for higher-value properties
BIn violation of Maryland law and may face damages of up to 3 times the excess amount plus attorney's fees✓ Correct
COnly subject to a $500 fine
DPermitted with a written agreement between the parties
Explanation
Maryland limits security deposits to the equivalent of 2 months' rent. Collecting more than the allowable amount can result in damages to the tenant of 3 times the excess plus attorney's fees.
Related Maryland Property Management (alternative) Questions
- A Maryland property manager responsible for leasing residential units should ensure that all lease agreements comply with:
- In Maryland, a property manager is required to give the property owner a written accounting of all funds received and disbursed:
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- Maryland's Prince George's County Rent Stabilization law limits annual rent increases to:
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- A Maryland property manager's primary obligation when a tenant reports a broken heating system in winter is to:
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