Property Management
Under Washington's Residential Landlord-Tenant Act, a landlord who wrongfully withholds a security deposit may be liable to the tenant for:
AOnly the amount of the deposit
BDouble the deposit amount plus attorney's fees and costs✓ Correct
CThe deposit amount plus 12% interest
DThe deposit plus 1 month's rent
Explanation
Under RCW 59.18.
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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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