Final answer:
A lease or a rental agreement must clearly state who is holding the security deposit.
Step-by-step explanation:
The answer is a) True
A lease or rental agreement must clearly state who is holding the security deposit, whether it is the owner or the property manager.
This information is important for both the tenant and the landlord, as it determines who is responsible for safeguarding the deposit and returning it at the end of the lease.
For example, if the agreement states that the property manager is holding the security deposit, then the tenant should contact the property manager to address any issues or concerns related to the deposit.