Rental deposits are typically paid to which authority?

Rental deposits are typically paid to the Residential Deposit Authority. This authority is specifically designated to oversee and manage rental deposits in a way that protects both tenants and landlords. By placing the deposit with this entity, the funds are held securely until they are either returned to the tenant at the end of the rental period or allocated toward any damages or unpaid rent as specified in the lease agreement. This arrangement ensures that the tenant's funds are not misused and provides a clear framework for the handling of these deposits, complying with local laws and regulations governing rental agreements.

The other options do not specifically focus on the management of rental deposits. While the Real Estate Commission may regulate real estate transactions and practices, it does not handle security deposits directly. The Local Council typically deals with zoning, housing codes, and local regulations rather than individual rental agreements. The Property Management Office may collect deposits but does not serve as an independent authority for managing them as would the Residential Deposit Authority.