Property Management
A North Dakota landlord who fails to return a security deposit within the required time may be liable for:
AThe deposit amount only
BThe deposit plus up to three times the wrongfully withheld amount✓ Correct
CA $500 fine payable to the state
DCriminal prosecution
Explanation
Under North Dakota law, a landlord who wrongfully withholds a security deposit beyond the required period may be liable to the tenant for the deposit amount plus damages up to three times the wrongfully withheld amount.
Related North Dakota Property Management Questions
- In North Dakota, a commercial property manager typically earns their management fee based on:
- A triple net (NNN) lease requires the tenant to pay:
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- A North Dakota property manager who takes on a new management agreement should ensure the owner carries adequate:
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