Final answer:
If the lease agreement does not specify whether a deposit is refundable or non-refundable, it is generally assumed to be refundable. Clarity in lease agreements protects the rights of both parties, but local laws should be consulted to resolve any ambiguities.
Step-by-step explanation:
If the status of a deposit is not designated in the lease agreement, the general assumption is that the deposit would be considered refundable. This is because, legally, a lease agreement should protect the rights of both the tenant and the landlord. If a deposit is to be non-refundable, it needs to be clearly stated in the agreement. Otherwise, the presumption would lean towards it being refundable since this ensures the tenant’s right to recover the deposit at the end of the lease term, provided they have complied with the terms of the lease regarding the condition of the property.
It's important to note that tenant-landlord laws can vary by region, so it's always a good idea to check local laws or seek legal advice if there is any ambiguity.