Property Management
A property manager who handles security deposits must maintain them in:
AThe property management firm's general operating account
BA separate escrow or trust account clearly designated for security deposits✓ Correct
CA personal savings account earning the highest interest rate
DAny FDIC-insured account regardless of commingling
Explanation
Security deposits must be held in a separate escrow or trust account, not commingled with operating funds. This protects tenants' deposits and is required under Tennessee's URLTA.
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