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Home > Columnists > Kass > Security deposit can’t be used as rent
Security deposit can’t be used as rent
DEAR BENNY: I own five rental homes that are managed by a management company.
On my monthly statement, the company listed a forfeited security deposit as "rents received" and charged me a 10 percent management fee. I believe that his money is not rent, so I should not be charged a 10 percent management fee on ...
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