The landlord has a right to ask for the security deposit to be increased when the monthly rent goes up.
Yes, I believe so. The security deposit is limited to 2 month's rent which is pretty much what you are asking about.
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.
Most states limit the amount of a security deposit to one month's rent. If the parties agree to raise the rent, then the security deposit could go up by the same amount.
The required amount for this rental property includes the first month's rent, the last month's rent, and a security deposit.
Yes.
That depends on the laws of the state. In Massachusetts, a pet deposit is a security deposit, and the total security deposit cannot be more than one month's rent.
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.
security deposits protect the landlord if the tenant fails to pay rent or causes damage to the rental premises beyond normal wear and tear. a renter can not choose to pay rent with any portion of that deposit.
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.
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.
Yes you can. Your landlord cannot use your last month's rent as security deposit and vice versa.
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.