Final answer:
Security deposits from tenants must be held in a separate account, damages must be documented, and the deposit should be returned within a specific timeframe.
Step-by-step explanation:
Security Deposits from Tenants
When it comes to security deposits from tenants, there are certain steps that must be followed. First, landlords should hold the security deposit in a separate account to ensure it is safe and protected. Second, landlords must document the condition of the property before and after the tenant's occupancy to determine any damages that may need to be deducted from the deposit. Lastly, landlords are required to return the security deposit to the tenant within a specified timeframe, typically within 30 days of the tenant moving out.