Real Estate Math
A NH landlord receives first month's rent of $1,650, last month's rent of $1,650, and a security deposit of $1,650 at move-in. What is the total amount collected?
A$3,300
B$4,950✓ Correct
C$1,650
D$6,600
Explanation
Total collected = first month ($1,650) + last month ($1,650) + security deposit ($1,650) = $4,950. Note: NH RSA 540-A:6 limits security deposits to one month's rent, so this collection may not fully comply with NH law if last month's rent is also treated as a deposit.
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