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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.

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13y ago

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How much is security deposit for an apartment?

Depending on the lease or the apartment Depending on the lease or the apartment Depending on the lease or the apartment


What is a bonded 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.


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.


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


Renting an apartment in Indianapolis In with evictions?

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.


What is a Waiver of Security Deposit?

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.


Can a Manager or Landlord Wrongful withhold part of a security deposit even if you never moved in?

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.


Is it legal for an apartment to cash your security deposit before you get approved?

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.


Does a security deposit covers the rent for the first month when moving into an apartment?

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.


Can your landlord require as a condition of renting an apartment to you a security deposit the first month's rent and the last month's rent in California?

yes


How much is needed up front for apartments in New York City?

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.


What is Sec Dep OAC?

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.