Property Management
Under Washington's Residential Landlord-Tenant Act, a landlord who wrongfully withholds a security deposit may owe the tenant:
AOnly the actual deposit amount
BThe actual deposit amount plus attorney fees
CDouble the deposit amount as a penalty plus attorney fees in some cases✓ Correct
DTriple the deposit amount
Explanation
Under RCW 59.18, a landlord who wrongfully withholds a security deposit may owe the tenant the withheld amount plus attorney fees if the tenant prevails.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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