After a tenant gave notice and vacated an apartment, the landlord discovered substantial damage to the unit. No time was set in the lease specifying the length of time the landlord had to account or refund the security deposit after deductions. Which of the following is an appropriate action by the landlord?
a. return the deposit immediately and bill the tenant for the repairs when completed
b. if the damage is obviously more than the deposit, the landlord may keep the damage deposit without notice
c. notify the tenant that his or her damage deposit is forfeited within 60 days
d. itemize the damage in writing and return any excess deposit within one month

d. itemize the damage in writing and return any excess deposit within one month                

Explanation:

When a tenant leaves an apartment giving a notice, the owner finds a damage in the apartment. In such a situation, the landlord can itemize the substantial damage in a written form and give it to the tenants returning the excess amount of money which is deposited within one month by the tenants. Thus the house owner can recover the cost for the damages from the tenants.

this is an outline for the decisions that frankie is going to make

opportunity cost

willingness to buy

price or quality

of course, there could be many economic strategies that should be considered important while making decision. opportunity cost is the foremost significant factor while considering any economic option. when you buy something, you should know how much you are forgoing for this product. indeed, you could buy something different with this measure if you changed your mind. willingness to buy shows how much surplus you are earning while making a decision. it is important because it shows you buy what you want or you buy because you have only limited amount of money. the price or quality can be considered as a general economic option that we are applying while buying something. when you buy something, price or quality could be one of the options. indeed, they define the characteristics of the product.    

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