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What is the required amount for the first, last, and security deposit for this rental property?
The required amount for this rental property includes the first month's rent, the last month's rent, and a security deposit.
Can you explain what first, last, and security deposit mean in terms of renting a property?
First, last, and security deposit are payments made by a tenant to a landlord when renting a property. The "first" refers to the first month's rent, the "last" refers to the last month's rent, and the "security deposit" is a refundable amount held by the landlord to cover any damages or unpaid rent at the end of the lease.
What does first last and security deposit mean for a rental home?
First and last months security deposit is given so the landlord has a means of repairing any damage you might do to the house. It encourages the renter to take care of the property in order to get their deposit back.
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.
What was the amount of the first and last deposit made into your account?
The first deposit into the account was 500, and the last deposit was 1,000.
Can a landlord in Connecticut charge first last and a security deposit?
Yes, a landlord in Connecticut can charge first, last, and a security deposit to renter.
When does last month rent apply?
Last month's rent applies to the last month you will be staying at your unit. If you give 30-days' notice of your intent to vacate then you may keep your money you would otherwise pay your landlord and use that last month's rent, which cannot be used as your security deposit to be offset for damages (the security deposit is for that purpose).
When a tenant vacates an apartment is it right for the landlord to deduct money from the security deposit to pay to clean and paint the apartment for the next tenant?
The purpose of a security deposit is to pay the last month's rent in the event that a tenant stops paying and has to be evicted, not to pay for cleaning and painting. It would only be reasonable to use a security deposit for this purpose if the departing tenant left the apartment in extremely bad condition, requiring an abnormal expense to restore it.
What is the required amount for the first, last, and security deposit for this rental property?
The required amount for this rental property includes the first month's rent, the last month's rent, and a security deposit.
Can you explain what first, last, and security deposit mean in terms of renting a property?
First, last, and security deposit are payments made by a tenant to a landlord when renting a property. The "first" refers to the first month's rent, the "last" refers to the last month's rent, and the "security deposit" is a refundable amount held by the landlord to cover any damages or unpaid rent at the end of the lease.
What does first last and security deposit mean for a rental home?
First and last months security deposit is given so the landlord has a means of repairing any damage you might do to the house. It encourages the renter to take care of the property in order to get their deposit back.
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 you leave not pay last months rent let landlord keep security deposit without a lease agreement?
only if that is agreeable with landlord. A lease agreement without a lease is a verbal lease. Your last month's rent is not a security deposit.
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.
Can a CA Landlord ask for first and one and half times security deposit?
You can check with the Tenants Association in your city but that's not unusual. I'm surprised that they're not asking for first, last and the security deposit.
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 deny you an apartment if you only have first and last month's deposit even though they asked for Security deposit as well?
It depends on what state you are in according to RentLaw.com
