Which information must a property manager provide to tenants regarding the security deposit?

A property manager is responsible for ensuring that tenants are fully informed about their rights and the handling of their security deposits. The requirement to provide specific information helps maintain transparency and trust between the property manager and the tenant.

Choosing the option that emphasizes the amount of the security deposit, the conditions under which the deposit may be retained, and how the deposit will be held aligns with the legal requirements set forth in Oregon law. This information is crucial for tenants to understand not only how much they are being asked to pay but also the circumstances that might result in the loss of their deposit, as well as the practices used by the property manager for storing or managing those funds.

Providing the deposit amount ensures that tenants are aware of their upfront financial obligation. The clarity regarding conditions for retention informs tenants about potential reasons for deductions, such as damages or unpaid rent. Lastly, specifying how the deposit will be held, whether in a separate account or under certain conditions, gives transparency into the secure management of these funds.

Thus, this choice encompasses the essential elements that protect tenants' interests and promotes responsible property management.