What is the result if the owner does not submit the correct security deposit?

When an owner does not submit the correct security deposit, the result is that no claims are allowed. This is because security deposits are intended to protect the landlord against damages or unpaid rent, and if the proper deposit is not submitted, the legal framework that allows a landlord to make claims for those issues is compromised. Without the necessary security deposit in place, the landlord cannot pursue claims against a tenant for issues like damages or unpaid rent, which are typically covered by that deposit.

Understanding this concept is critical for adhering to the laws governing rental agreements and ensuring both parties are protected under the lease terms. The lack of a proper security deposit means that potential claims related to damages to the property or losses in rental income due to non-payment cannot be asserted legally. Thus, claims depend on the existence and the correctness of the security deposit submitted by the owner.