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Apartments and Home Rentals
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What does paying the last month's rent mean?


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Wiki User
2008-05-08 14:25:25
2008-05-08 14:25:25

== == Usually paying the last month rent means you pay the regular rent plus a closing fee which means if there are any damages done to the place that was not there before you then you have to pay so much for that too. == == The usual practice is to pay the "first and last" month's rent when you move IN to the unit. This means that the owner is holding a amount that is equal to the last month's rent that you occupy the unit. This is so you can't skip owing rent.

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Yes. If you mean 'the rent for last month', certainly. If you mean the 'last month rent deposit', probably, if the rental agreement states that the deposit was to have been funded.

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Yes you can. Your landlord cannot use your last month's rent as security deposit and vice versa.

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No, you are not required to pay last months rent again. Just make sure you are not mistaking it for the security deposit. Rent and security deposits can be the same amount. Check your rental agreement for clarity. Julie

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If a tenant is late in paying rent, the landlord has the right to begin eviction proceedings. Depending on location that process can take months.

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Yes, I believe so. The security deposit is limited to 2 month's rent which is pretty much what you are asking about.


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