Real Estate Math
An Oklahoma property manager deposits $8,500 in a tenant's security deposit to the trust account on March 1st. The tenant vacates on August 31st with $1,200 in documented damage. When must the remaining deposit be returned?
ASeptember 15th
BOctober 15th (within 45 days)✓ Correct
CSeptember 30th
DDecember 31st
Explanation
Oklahoma requires landlords to return the security deposit (less lawful deductions) with an itemized statement within 45 days of the tenancy terminating. August 31 + 45 days = October 15.
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