Which statement is true regarding security deposits for landlords of different sizes?

The statement that both smaller and larger landlords must follow the same rules regarding itemized statements is accurate because the law governing security deposits applies uniformly regardless of the size of the landlord's operations. This means that whether a landlord manages a single-family home or a multi-unit building, they are required by law to provide tenants with a written statement itemizing any deductions made from the security deposit.

This requirement is in place to ensure transparency in the handling of security deposits, to promote fairness, and to protect tenants from potentially unlawful retention of their funds. The uniformity of these rules helps to maintain consistency and protects tenants' rights across different types of rental situations.

Thus, landlords must adhere to the same legal framework when it comes to managing security deposits, ensuring they provide the necessary documentation if they deduct any amounts for damages or unpaid rent. This legal expectation upholds tenants' rights irrespective of the landlord's size or the nature of the rental property they manage.