Legal Question in Landlord & Tenant Law in Georgia

Your right to retain a security deposit is separate from your possible obligation to maintain the deposit in an escrow account. So, even though you may have some liability for the escrow failure, you may still retain the deposit as long as the tenant does in fact owe you rent. Further, depending on the number of properties the LLC owns and/or how the property is managed, you may not have to hold security deposits in escrow.

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