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Do you have to subsidize the security deposit when rent is increased?
Wiki User
∙ 14y ago
The landlord has a right to ask for the security deposit to be increased when the monthly rent goes up.
Wiki User
∙ 14y ago
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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.
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.
Can a landlord raise the amount of a security deposit after the initial lease period has expired?
Most states limit the amount of a security deposit to one month's rent. If the parties agree to raise the rent, then the security deposit could go up by the same amount.
Can a landlord sew after two years for rent when they kept the security deposit and the pet deposit?
Yes.
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.
Can a security deposit be used for rent?
security deposits protect the landlord if the tenant fails to pay rent or causes damage to the rental premises beyond normal wear and tear. a renter can not choose to pay rent with any portion of that deposit.
Can a lanlord use security deposit if tenant is late on the rent?
You can in Massachusetts - you don't say what state you are in. The landlord has the option of using the deposit for back rent, but he doesn't have to.
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.
Landlord has last months rent plus security. can I live out last months rent?
Yes you can. Your landlord cannot use your last month's rent as security deposit and vice versa.
What do you pay to the landlord before you move in?
To move into a dwelling, the landlord is going to generally ask you for the first month's rent, a security deposit, and often times the last months rent. Every state has its own rules about this and you should check with it. In South Carolina and Florida your security deposit may not exceed one month's rent. And in both states that security deposit may not be used as rent unless you and the landlord mutually agree.
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.
Should prepaid rent be deposited in security deposit account?
Some states have statutes which state that a security deposit cannot be comingled with the landlord's funds. Some legal scholars have concluded that, since the last-month-rent deposit is the landlord's funds, these cannot be in the same account.
