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.
Depending on the lease or the apartment Depending on the lease or the apartment Depending on the lease or the apartment
The policy for the non-refundable deposit for this apartment is that once it is paid, it cannot be returned to you under any circumstances.
The purpose of a security deposit is to protect the landlord in case of damage or unpaid rent by the tenant. The last security deposit is typically due when the lease agreement ends and the tenant moves out.
Moving out of an apartment early can result in financial penalties, such as losing your security deposit or being responsible for paying rent until the end of your lease term. It can also impact your rental history and make it harder to secure future housing.
When you rent an apartment, landlords usually ask for a security deposit equal to a month's rent. Renters can potentially cause all sorts of problems for landlords, they can damage the property that they rent, they can refuse to pay their rent, etc. This way landlords have at least some ability to penalize a tenant who causes these kinds of problems, by refusing to return the security deposit (in part or in full).
Depending on the lease or the apartment Depending on the lease or the apartment Depending on the lease or the apartment
A bonded apartment means that a surety bond has been used to instead of a security deposit to obtain the apartment. The minimum amount for a surety bond is $87.50.
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.
It depends on what state you are in according to RentLaw.com
Renting an apartment in Indianapolis, IN when there have been prior evictions can sometimes be tricky. It is best to be upfront with the landlord. They may require references and a security deposit in order to rent the apartment.
Generally speaking, a waiver of security deposit means that the management of the property being rented (apartment, etc.) has agreed to allow a renter to skip putting up a normally required deposit for the property. Sometimes management is willing to do this for a prospective tenant.
If an apartment is reserved for you, because you paid a security deposit, that means that the landlord is not able to rent it to anyone else. Hence, when you then decide not to move in after all, the landlord has still lost the rent which he might have collected by renting that apartmnent to a different renter. So yes, he can withhold the deposit. It is not a good idea to make a deposit on an apartment that you are not actually going to move into.
Probably. I mean, if I were renting an apartment to someone, I'd want to make sure their checks clear before I let them move in.
Not usually, unless specified by management. The security deposit is held to cover any damages, above normal wear and tear, that takes place during the time you live there.
yes
The average deposit for apartment rentals in NYC is oen months rent and one months security deposit. If obtaining the apratment through a Realtor, one months rental equivalent may be due as commission as well.
The abbreviation Sec Dep means security deposit. OAC means on approved credit. So, when you put the terms together is means that s security deposit would be required once your credit is approved to rent the apartment.