Property Management
In Pennsylvania, a residential landlord must place security deposits in an escrow account when the deposit exceeds what amount?
AAny amount over $100
BAny amount over one month's rent
CDeposits of $100 or more must be held in escrow✓ Correct
DThere is no escrow requirement in Pennsylvania
Explanation
The Pennsylvania Landlord-Tenant Act requires landlords to deposit security deposits of $100 or more in a federally or state-regulated financial institution. For deposits held longer than two years, interest must be paid to the tenant.
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