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In Florida, the security deposit that a landlord collects must be deposited into a bank account, which does not have to be interest-bearing. If you violate the terms of your lease and/or cause damage to the rental property, the landlord may offset the cost of repairs against the amount of the security deposit he must return to you, which must be done within 30 days after you have departed the property. His failure to do this may result in his forfeiture of his right to keep whatever money he would otherwise have the right to keep.

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