PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM GLOSSARY
Security deposit
A security deposit is money a landlord holds to secure a tenant's performance, such as payment of rent and responsibility for damage beyond ordinary wear, subject to the lease and applicable landlord-tenant law.
Property Management
Property management
Define, distinguish, apply, retrieve
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PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEBuild the complete exam definition
Learn the rule, separate it from the nearest distractor, then apply it to a Georgia fact pattern.
What does Security deposit mean?
A security deposit is money a landlord holds to secure a tenant's performance, such as payment of rent and responsibility for damage beyond ordinary wear, subject to the lease and applicable landlord-tenant law.
How do you separate the nearest exam answer?
A security deposit secures tenant obligations and may be refundable. Advance rent is payment for a future rental period.
What changes or stays the same in Georgia?
Georgia law imposes handling, inspection, accounting, escrow, and return requirements that depend in part on the landlord and property. A broker holding deposits must also follow real estate trust-account rules.
A landlord documents the unit's initial condition, holds the deposit as required, and after move-out itemizes a lawful deduction for tenant-caused damage rather than ordinary wear.
The landlord does not automatically own the deposit when received, and ordinary wear is not the same as tenant damage.
Memory cue: The landlord does not automatically own the deposit when received, and ordinary wear is not the same as tenant damage.PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDERetrieve the rule under exam conditions
Answer before reading the explanation. Then explain why every distractor belongs to a different term.
Which statement correctly explains Security deposit?
- A
A property management agreement is a written contract authorizing a manager or brokerage to operate rental property for an owner within stated powers, duties, fees, term, reporting, leasing, maintenance, trust-fund, and termination provisions.
- B
Trust funds are money or property a Georgia broker receives on behalf of another person in a real estate matter, including earnest money, rents, security deposits, and other client or customer funds when held by the broker.
- C
A security deposit is money a landlord holds to secure a tenant's performance, such as payment of rent and responsibility for damage beyond ordinary wear, subject to the lease and applicable landlord-tenant law.
- D
A trust account is a separate, federally insured account in which a Georgia broker holds money belonging to others in connection with real estate activity, including earnest money when the broker receives it.
Security deposit is correct. A security deposit is money a landlord holds to secure a tenant's performance, such as payment of rent and responsibility for damage beyond ordinary wear, subject to the lease and applicable landlord-tenant law. A security deposit secures tenant obligations and may be refundable. Advance rent is payment for a future rental period. Georgia law imposes handling, inspection, accounting, escrow, and return requirements that depend in part on the landlord and property. A broker holding deposits must also follow real estate trust-account rules.
Mark each box only when you can perform the skill without looking.
I can define the term in one precise sentence.
I can separate it from the closest look-alike.
I can explain the Georgia rule or confirm that the national rule applies.
I can answer the practice check and explain every option.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEConnect the term to the wider exam
Use these relationships to move from isolated recall to a connected exam model.
Property Management complete lesson
https://www.passgeorgiarealestate.com/study-guide/property-management/landlord-tenant-and-funds
Official exam administration and content-outline source.
https://test-takers.psiexams.com/api/content/bulletin/4672State handbook explaining Georgia residential landlord-tenant law.
https://dca.georgia.gov/document/publications/georgia-landlord-tenant-handbook/downloadOfficial Georgia Secretary of State publication of Commission rules governing licensure and brokerage.
https://rules.sos.ga.gov/gac/520-1