Property Management (alternative)

Under Maryland law, what maximum security deposit may a landlord collect for a residential rental?

AOne month's rent
BTwo months' rent✓ Correct
CThree months' rent
DNo limit if both parties agree

Explanation

Maryland law limits residential security deposits to the equivalent of two months' rent. Collecting more than the statutory maximum may result in penalties of three times the excess amount plus attorney's fees.

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