Property Management
A property manager in South Carolina must maintain tenant security deposits in:
AThe property management company's operating account
BA separate, federally insured trust account✓ Correct
CCash in the property management office
DThe property owner's personal savings account
Explanation
Security deposits must be kept in a separate, federally insured trust account to protect tenant funds from commingling with operating funds. This is a fiduciary requirement.
Related South Carolina Property Management Questions
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