Property Management
A South Carolina property manager who collects security deposits must:
ADeposit funds in the manager's operating account
BHold funds in a separate trust account and return them within 30 days of lease termination✓ Correct
CSend deposits directly to the property owner
DKeep deposits in cash in a safe
Explanation
SC landlord-tenant law requires security deposits to be held separately from operating funds. Upon lease termination, the landlord has 30 days to return the deposit or provide an itemized written statement of deductions.
Related South Carolina Property Management Questions
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