Property Management
Under Wisconsin Wis. Stat. § 704.28, a landlord must return a tenant's security deposit within how many days after the tenant vacates?
A14 days
B21 days✓ Correct
C30 days
D45 days
Explanation
Wisconsin law requires landlords to return the security deposit (or provide an itemized statement of deductions) within 21 days after the tenant vacates the unit.
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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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