A security deposit is money smart owners feel the tenant rent and occupancy before use to ensure that the tenants will pay rent on time and keep the rental unit in good condition. Deposit is not rent and cannot be used to rent for the occupation, however, the rent received in advance the first month is not considered part of the security agreement. The idea behind the tenant to deposit the money tied up in property would be more accountable and in turn keeping the surrounding environment in fairly good condition. In other words, the bond allows the owner to create some interest in the property to tenants can be a Rhode Island replacement windows. How many owners can collect and how to file a bond to be returned to the tenant is generally governed by state law, which does not vary.
In this case, it would be wise to check with your state authority to determine whether they have a fixed amount that you can collect and put the time in which you must return either the full amount or a detailed statement explaining why you might take a piece of security which is most commonly will save a certain amount of the deposit for damages (other than normal wear and tear) caused to the rental unit by the tenant, family member or guest, rent paid, the replacement property taken by the tenant, and any cleaning required to return unit to a condition in where a tenant takes occupancy.