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When you are considering renting an apartment or house, almost all landlords will require that you pay a refundable security deposit. The need for landlords to charge a security deposits reflects

Answer :

Parraingo Parraingo

When landlords require such of their tenants then that action is known as Moral Hazard

Moral Hazard:

Refers to the risk a person will not act in the best way towards something because it is protected
Can also happen when the person using the thing in question does not own it

Tenants do not own a house so they might act however they want in it such that it gets damaged. Requiring a security deposit ensures that this damage is minimized because any damage is paid from the security deposit.

In conclusion, landlords do this as a result of moral hazard.

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