PSI Oklahoma Real Estate Practice Test

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When does a security deposit revert to the landlord if the tenant does not make a written demand?

3 months after tenancy termination
6 months after tenancy termination
12 months after tenancy termination
Immediately upon termination

The correct answer is: 6 months after tenancy termination

The correct answer is that a security deposit reverts to the landlord six months after tenancy termination if the tenant does not make a written demand. This timeframe is established to protect landlords while also allowing tenants sufficient time to claim their deposits. After the termination of the lease, tenants are expected to notify the landlord in writing if they wish to have their security deposit returned. If they fail to do so within the six-month period, the landlord is permitted to keep the deposit, thereby reflecting the importance of tenant responsibility in the return of deposits. While the options reflect various timeframes, six months is specifically outlined in many state statutes to balance tenant rights and landlord interests. Shorter time frames, such as three months or immediate reversion, do not consider the practicalities of tenant notification and may not align with legal statutes that govern security deposits.