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When you pay first and last security deposit on a rental home and you stayed there for your first month do you owe after the first 30 days or do you start paying on the second month you just don't get?
Normally you start paying the rent after 30 days. The landlord keeps the "last" months rent as a security deposit until you move out. In some states, you can use this as the final month's rent on your lease (usually the 12th month.) If you renew your lease the landlord will keep it until your final 30 days. . . that's why it's called the "last" month's rent.
It is against the law for the landlord to ask for first and last months rent to someone who is renting?
Massachusetts statutes allow a landlord to collect, at the beginning of a tenancy, the first month's rent, the last month's rent, a security deposit, and a key fee. Most states are similar.
Can you leave not pay last months rent let landlord keep security deposit without a lease agreement?
only if that is agreeable with landlord. A lease agreement without a lease is a verbal lease. Your last month's rent is not a security deposit.
Can i not pay my last month if i gave a first and last month deposit?
If you have a contract stating that you did indeed pay your money upfront that serves as a first and last months deposit, then there should not be any problem. If you do not have a contract, then the landlord can say that was a damage deposit...all depends on what you have in writing.
Can a landlord use your last month's rent to repair the apartment?
No. Your last month's rent is that: your last month's rent. The landlord must allow you to stay in your apartment for the last month and not use that money for any other reason. If the landlord collected a security deposit then he can use it to repair his unit: IF you are the one who damaged it outside the realm of normal wear and tear. He cannot use your security deposit as your last month's rent unless you agree to it.
What is the required amount for the first, last, and security deposit for this rental property?
The required amount for this rental property includes the first month's rent, the last month's rent, and a security deposit.
What is the first and last rule?
The first and last rule generally means that when you move-in you are required to pay your first month rent and your last month's rent. A security deposit may also be charged. But oftentimes your landlord will work with you in making security or last month's rent deposits. The difference between last month rent and a security deposit, both which can equal the same amount, is that the last month rent is used to apply to your last month of rent, while the security deposit is refunded to you provided you leave the apartment in good condition minus reasonable wear and tear. Your security deposit is generally not applied towards your last month's rent, especially if you did pay a last month's rent in advance.
Can you explain what first, last, and security deposit mean in terms of renting a property?
First, last, and security deposit are payments made by a tenant to a landlord when renting a property. The "first" refers to the first month's rent, the "last" refers to the last month's rent, and the "security deposit" is a refundable amount held by the landlord to cover any damages or unpaid rent at the end of the lease.
If you pay a security deposit and first months rent is the following month going to be in full payment of the rent or prorated?
The first month's rent pays for your first month in the apartment. You will owe the agreed-upon rent to the landlord the second month. I can't see why anything would be prorated--your security deposit cannot be used for rent.
Can your landlord require as a condition of renting an apartment to you a security deposit the first month's rent and the last month's rent in California?
yes
Can you charge first months rent last months rent and a security deposit in California?
Yes, I believe so. The security deposit is limited to 2 month's rent which is pretty much what you are asking about.
Can a landlord deny you an apartment if you only have first and last month's deposit even though they asked for Security deposit as well?
It depends on what state you are in according to RentLaw.com
Besides a security deposit how much can a landlord charge for a pet deposit on 2 cats?
That depends on the laws of the state. In Massachusetts, a pet deposit is a security deposit, and the total security deposit cannot be more than one month's rent.
What is the average security deposit on an apartment?
When you rent an apartment the first and last month's rent is required plus security deposit of several hundred dollars. It can cost as much as 1500-2500 dollars to rent an apartment.
Pet deposit different from a security deposit?
I can only answer this for Massachusetts, but I think it's the same in most or all states. MGL c.186 only allows a landlord to collect at the beginning of a tenancy: 1. first month rent; 2. last month rent; 3. security deposit; and 4. a key fee. Anything else is forbidden. Futhermore, a pet deposit is clearly meant to cover damage by a pet. That's a security deposit - it's the same thing. BTW, the deposit must then be handled like a security deposit, which is difficult. The penalty for mishandling it is three times the amount of the deposit.
Can a landlord ask for first and last month rent plus security in North Carolina?
Under the Tenant Security Deposit Act, a landlord of a residential rental property can collect a security deposit of 2 weeks' rent if the tenancy is week to week, 1 1/2 months' rent if the tenancy is month to month, or 2 months' rent if the tenancy period is greater than month to month (such as a yearly tenancy). The Act also allows the landlord to ask for a "reasonable" non-refundable pet deposit.
How do you decide how much to charge for a security deposit on a 12 month long term lease on a home worth 340000 rent 1800 per month?
Most states have a statute which limits the amount of a security deposit, usually to one month's rent.
