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When should you pay rent again after paying for the security deposit and first month's rent?
Wiki User
∙ 9y ago
If rent is due on the first of each month and you move in Feb 1 and pay a security deposit and 1st month's rent at that time, your next rent payment is due March 1. You can show up at the leasing office on March 1 and pay. You don't have to be early. If fact, some landlords will give you a certain number of days in a "grace period" where they won't charge you or bother you if you pay within those few days after the due date.
Some landlords like for rent to be paid on the first of each month regardless of when you move in. In that case, if you move in in the middle of the month, you will pay pro-rated rent for the partial month and your deposit when you sign the rental agreement, but your first full payment will be due on the 1st of the following month.
Wiki User
∙ 9y ago
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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.
What are the accounting journal entries to record security deposit?
The accounting journal entries to record a security deposit should be a separate entry titled security deposit. You should include the tenants name, and it should be considered a liability since you will have to return it at some point.
Should you pay a landlord a security deposit five months in advance?
dont unless you reallly have a lot of money to spare and dond do it with a credit card
Should the lessor amortize the nonrefundable security deposite?
There is no such thing as a nonrefundable security deposit.
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.
Where to find a copy of the law that states the deposit can be used for the last months rent if your evicted?
Your state laws should have a section about "landlord and tenant" or the like. There are also many self-help books available about landlord/tenant laws. In Massachusetts, for example, the law defines both a security deposit and a damage deposit and ONLY the security deposit can be applied to delinquent rent, and the damage deposit remains the property of the tenant until the landlord proves damage to the premises and the costs to repair them.
Why does a lease gives both the tenant and the landlord security?
A security deposit is a refundable deposit that a tenant pays to their landlord before they move into a property As long as a tenant abides by the terms of their lease, this deposit should be returned to a tenant when their lease has expired. There are certain situations where a landlord is allowed to keep all or part of a tenant's security deposit.
Are pet deposit's returned?
Most states which have laws governing (and limiting) deposits consider a pet deposit to be a security deposit, intended to be used for repairing physical damage. Some states forbid any security deposit greater than one month's rent, including a 'pet deposit'. So, yes, if there is no physical damage, the deposit should be returned.
If you rented property from the Realtor and now the owner of the property is not returning your security deposit who do you sue the Realtor of the owner of the house?
Look at the lease agreement. Whoever is listed as the landlord, that is who should return the security deposit.
Your rental had a flood due to a faulty plumbing fixture The landlord and you agreed your family will move out as soon as possible What are your rights concerning your security deposit?
your security deposit is for DAMAGES caused by the tenant. Note this is major damages (broken windows, holes in the walls), not normal wear and tear. This flood was caused by faulty plumbing, not the tenant, so the tenant's security deposit should not be effected by this. Therefore the tenant should get his security deposit back, unless there were damages caused by the tenant themselves (not by the flood).
