Legal Question in Landlord & Tenant Law in Georgia

Do commercial property secuirty deposits have to be kept in a seperate bank account in the state of Georgia?


Asked on 8/12/10, 7:19 am

1 Answer from Attorneys
Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

Generally, yes, but there are some exceptions. The landlord may be exempt from the requirement depending on how many rentals are owned and a surety bond may be posted in lieu of the security deposit.

If you would like to discuss any issues further, please feel free to contact my office. The link to my contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

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Answered on 8/17/10, 9:22 am


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