What is the maximum security deposit a landlord can require for an apartment rent of $1,200 per month?

What is the maximum security deposit a landlord can require for an apartment rent of $1,200 per month?

• A. $600
• B. $1,200
• C. $1,800
• D. There is no maximum

Answer: (C)

In Arizona, the laws governing security deposits state that the maximum amount a landlord can charge as a security deposit is equal to one and a half times the monthly rent. In this scenario, the monthly rent is $1,200. Therefore, to calculate the maximum security deposit allowable, you multiply the monthly rent by 1.5. In this case: $1,200 (monthly rent) x 1.5 = $1,800. Thus, the correct and maximum security deposit a landlord can require for a $1,200 monthly rent is $1,800. This calculation reflects adherence to Arizona's guidelines aimed at protecting tenants from excessive deposit requirements.

In Arizona, the laws governing security deposits state that the maximum amount a landlord can charge as a security deposit is equal to one and a half times the monthly rent. In this scenario, the monthly rent is $1,200. Therefore, to calculate the maximum security deposit allowable, you multiply the monthly rent by 1.5.

In this case:

$1,200 (monthly rent) x 1.5 = $1,800.

Thus, the correct and maximum security deposit a landlord can require for a $1,200 monthly rent is $1,800. This calculation reflects adherence to Arizona's guidelines aimed at protecting tenants from excessive deposit requirements.