Question

select the correct answer.
which type of deposit is paid in advance to protect landlords against nonpayment?
a. security deposit
b. special deposit
c. surety deposit

Explanation:

A security deposit is a sum of money paid in advance by a tenant to a landlord. Its purpose is to protect the landlord against financial losses in case the tenant fails to pay rent or causes damage to the property. A special deposit has a specific, non - standard purpose not related to non - payment protection, and "surety deposit" is not the correct term for this concept. So the correct answer is the option related to security deposit.

Answer:

A. security deposit