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Security Deposit Rules in Rhode Island
This podcast highlights essential Rhode Island security deposit regulations as explained by real estate professional Alex Parmenidez. Under state law, landlords are strictly prohibited from charging more than one month's rent as a security deposit. Once a tenant vacates the property and provides a forwarding address, a 20-day countdown begins for the landlord to either return the funds or provide a detailed list of deductions. Failing to meet this deadline can result in the landlord being ordered to pay double the original deposit in legal penalties. The guide further clarifies that…
The skinny
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