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The landlord has a right to ask for the security deposit to be increased when the monthly rent goes up.
Yes, I believe so. The security deposit is limited to 2 month's rent which is pretty much what you are asking about.
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.
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.
Yes.
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.
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.
Regardless of the vehicle you choose, a security deposit is required. The actual cost depends on the sort of car you want to rent and might range from 1000 AED to several thousand AED. We keep the deposit on file for the rental duration and refund it when the vehicle is reclaimed. Any fines or repair fees incurred by the car will be deducted from the deposit amount. Customers have the option of paying their security deposits with credit or debit cards. Rent a car Dubai.
Deposit is not rent. If you allowed them to take possession of the property without the full security deposit, try working out a small payment arrangement.
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.
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.
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.