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Can a Realtor ask for first and last month rent plus security in Pennsylvania?
Wiki User
∙ 10y ago
I am not an attorney. I used to be a landlord.
Yes, probably they can. They cannot charge a security deposit equal to the amount of two months rent, but security and rent are two different things, legally. Asking for two month's rent plus one month's security is acceptable, as long as they treat the rent and the security money differently at the bank and account for it separately, in separate accounts.
If the security deposit is over $100, they will need to pay you interest on that money and disburse it back to you on a set schedule, then return the security deposit money minus damages to you (for which damage they have to give you an itemized listing in writing beforehand), before 30 days has elapsed from the time you turn in the keys to the property at the end of your stay.
Check with a local real estate attorney or landlord tenant office to be sure, but if this is fair market value or full market value property, versus government or non profit property, then generally they can do this.
They cannot charge you extra for being a family/having kids who will live with you, for having a wheelchair or being disabled, or for having a service animal.
But they can ask for reasonable fees and deposits up front, to secure their asset. The only general rule is that the amounts and types of fees and deposits have to be the same for everyone and the security money has to handled and dealt with differently by them once received.
In addition, the security deposit cannot be used as rent; it has to be put in an escrow account and be left untouched while you reside there. That's how it earns the interest which is paid back to you generally on a schedule after 12- 24 month's residency.
Note: Service animals cannot be charged pet rent or cleaning deposits. Pets can. Service animals are NOT pets, legally, and cannot be treated as such.
If this same procedure of paying first and last month's rent, plus security, in the same amount, is required for all other people who rent that property, you'll probably need to do the same.
Wiki User
∙ 10y ago
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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.
How much money is a condo for two people a month?
A local realtor can answer your question.
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 a landlord ask for first and last month rent plus security in rhode island?
Yes, a landlord can ask for first and last month plus security. They are entitled to ask for what they would like, and you don't have to agree with it, therefore you don't have to rent from them.
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
What is the coldest month in Pennsylvania?
January is the coldest month
What is the rainiest month in Pennsylvania?
July
Do you have to pay first month rent last month rent and the security deposit the first month on an aparment?
Some landlords require all three, some don't. It's up to the parties to agree on the terms, but the landlord set his terms, and the tenant can take the place or leave it.
Is social security issuing checks late this month?
Have my social security check been direct deposit this month of May.
When was pennsyilvania found?
What Month was Pennsylvania Founded
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.
Do you have to pay full rent after you have paid a month and a half rent plus security?
If you mean prior to moving in, No. In order to secure the apartment, you're paying first months rent plus security so there's no need to pay it again. Obviously you'll pay again at the end of the month or start of the first for the second month and so forth until you decide to move out.
