sec. dep.
Writing & Everyday abbreviation · Classified Ad
| Stands for | Security deposit |
|---|---|
| Categories | Writing & Everyday |
sec. dep. stands for Security deposit, a classified ad abbreviation.
Refers to the refundable deposit a tenant pays a landlord to cover damage or unpaid rent, listed in rental ads as "1 mo. sec. dep." or "sec. dep. req."
Example: Rent is $1,600; first month plus one month's sec. dep. due at lease signing.
Usage notes
Many US states cap security deposits, commonly at one or two months' rent, and require landlords to return them within a set number of days with an itemized list of deductions. New York limited most residential deposits to one month's rent in 2019. Some states require deposits to be held in separate accounts.