Security Deposit - FOLIO Ontology

Identification

IRI:

https://folio.openlegalstandard.org/R9OVtNYUqPXyvuaZmEggp6w

Label Security Deposit

Preferred Label N/A

Identifier N/A

Alternative Labels

Damage Deposit Lease Deposit Rental Deposit Tenancy Deposit

Definition

A security deposit is a sum of money held by a landlord or lessor as collateral to cover potential damages or unpaid rent by a tenant or lessee. It is typically refundable if the terms of the lease are met and no damages occur.

Class Relationships

Sub Class Of

• Collateral

Is Defined By

N/A

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Additional Information

Metadata

Comment

None

Description

None

Notes

• None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available