When does a security deposit have to be deposited?

Prepare for the Oregon Pre-License Property Management Exam with our quiz. Practice with multiple-choice questions and detailed explanations. Boost your confidence and get ready to ace your exam!

A security deposit must be deposited in a designated account in a timely manner, which is typically defined by state regulations. In Oregon, the law stipulates that a landlord must deposit a security deposit within a month of receiving it. This requirement ensures that tenants' funds are handled properly and are protected, minimizing the risk of misuse.

Depositing security deposits within this timeframe also helps maintain transparency and trust between landlords and tenants, reinforcing the importance of responsible property management practices. Understanding this timeframe is essential for compliance with Oregon's laws regarding tenant rights and landlord obligations.

The other choices do not reflect the specific legal requirements set forth in Oregon, as they suggest either an unreasonably short period, such as one week or immediate deposit, or imply that no action is necessary until the lease ends, which does not align with the established guidelines.

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