Property Management
In Nebraska, a landlord must return a tenant's security deposit within how many days after the lease ends and the tenant vacates?
A7 days
B14 days✓ Correct
C21 days
D30 days
Explanation
Nebraska law requires landlords to return security deposits (or provide an itemized statement of deductions) within 14 days after the tenancy ends and the tenant has vacated the premises.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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