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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.
If you gave a 600 deposit when you rented a house can you legally use that as part of your last months rent?
Normally not: a security deposit cannot be used as last month's rent, nor vice versa, without mutual agreement.
Can a landlord use last months rent as a security deposit in Arizona?
Yes, only if the Landlord accepts. This is usually a request by a Tenant that is most often denied by the Landlord.
Can a landlord use your last month's rent to repair the apartment?
No. Your last month's rent is that: your last month's rent. The landlord must allow you to stay in your apartment for the last month and not use that money for any other reason. If the landlord collected a security deposit then he can use it to repair his unit: IF you are the one who damaged it outside the realm of normal wear and tear. He cannot use your security deposit as your last month's rent unless you agree to it.
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 you pay first and last security deposit on a rental home and you stayed there for your first month do you owe after the first 30 days or do you start paying on the second month you just don't get?
Normally you start paying the rent after 30 days. The landlord keeps the "last" months rent as a security deposit until you move out. In some states, you can use this as the final month's rent on your lease (usually the 12th month.) If you renew your lease the landlord will keep it until your final 30 days. . . that's why it's called the "last" month's rent.
What is an average security deposit on a 2 bedroom rental home?
in Cleveland OH it's a given that it would be the same as a month's rent. Warning: from my personal experience do NOT use that as your last month's rent.
Can a lanlord use security deposit if tenant is late on the rent?
You can in Massachusetts - you don't say what state you are in. The landlord has the option of using the deposit for back rent, but he doesn't have to.
Can my landlady force me to pay unpaid rent from 3-4 months ago?
Yes, if you're delinquent they're within his rights to refuse to accept anymore rent and proceed to evict you. They can also sue you for any unpaid balance after your security deposit is withheld, if the laws allow for the landlord to use the security deposit in such way.
Tenant left without paying the last months rent and said to use the security deposit and is in the military can we make him pay up?
He would still be liable for any damage to the unit and could be made to pay the damges. Chasing back rent for the purpose of giving it back would be pointless. Are we talking large amounts of damage? If not, write it off!
Which one of the following payments is an asset A check drawn for petrol A check drawn by the owner for his own use A check drawn to pay as a deposit for rent?
a cheque drawn to pay as a deposit for rent
What is the journal entry of rent received in advance?
Debit Cash for the cash received, and credit a liability account you can call Prepaid Rent or Prepaid Deposits. Basically, you credit a liability account because you "owe" them the rent for the month they have paid for in advance. Once the month has passed, you can debit the Prepaid Rent and credit Rental Income. Or, if the prepaid rent is a deposit made, you just keep it on your books as a liability until the end of their lease, at which time they will either be refunded the deposit (debit Prepaid Rent, credit Cash) or if they don't pay their last month's rent you can use the deposit (debit Prepaid Rent, credit Rental Income).
