# Security Deposit

*Real Estate — Finicade finance glossary*

A security deposit is money a tenant lodges against damage and unpaid rent, refundable at the end of the tenancy. Most jurisdictions cap the amount, require it to be held separately or in a protection scheme, and impose deadlines and itemisation rules for withholding any of it. Landlords who mishandle deposits frequently face statutory penalties of two or three times the sum.

**Also known as:** damage deposit, rental bond, tenancy deposit

**Related terms:** [Lease Agreement](https://finicade.com/glossary/lease-agreement), [Rental Property](https://finicade.com/glossary/rental-property), [Property Management](https://finicade.com/glossary/property-management), [Renters Insurance](https://finicade.com/glossary/renters-insurance), [Escrow](https://finicade.com/glossary/escrow)

Source: https://finicade.com/glossary/security-deposit