Property Management
In Washington, a property manager who collects a security deposit must place it in:
AA general operating account for convenience
BA trust account or bond as required by RCW 59.18✓ Correct
CAn investment account to earn returns for the tenant
DA court-supervised escrow
Explanation
RCW 59.18 requires security deposits to be held in a trust account in a federally insured financial institution, or alternatively the landlord may post a bond. The deposit cannot be used for operating expenses.
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