Final answer:
Marcus should check his state's laws for the specific time frame required to refund the security deposit or provide a damaging accounting, as it varies by state. Common time frames are usually within 14 to 30 days after the tenant vacates the home.
Step-by-step explanation:
The time frame within which Marcus is required to either refund the tenant's security deposit or provide him with an accounting of the damages deducted is determined by state law, which varies from state to state. However, common time frames range from 10 to 60 days.
Traditionally, many states require that this action be taken within 14 to 30 days after the tenant vacates the home. It is crucial for Marcus to check his state's laws regarding the return of security deposits to ensure compliance. If Marcus fails to return the security deposit or provide a detailed list of deductions within the legal time frame, he may be subject to penalties or required to refund the full amount of the security deposit.
If no specific time frame is provided in the lease agreement itself or in the relevant state statute, Marcus should aim to return the security deposit or provide the accounting of deductions as soon as possible after the tenant vacates the home, ideally within 30 days to ensure he is within the range of most common state laws.