2006-09-18 08:50:49 · 11 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
There is no state standard in any state. It is what ever the landlord sets and the tenant agrees to. It is common to see the deposit equal to the rent. Again, it is not a law or rule.
2006-09-21 20:07:04 · answer #1 · answered by tnbroker1 3 · 0⤊ 0⤋
Yikes, things do NOT smell right here!!! Give NO money to this guy and sign NOTHING without a walk through. Contact the Realtor on the sign and get the other side of the story. Get proof from this Landlord that he is current on this mortgage payments- VERY IMPORTANT! If he is not current and in the process of Foreclosure, you could be giving him deposits and first & last month's rent and have a knock at the door from the Sherriff s office telling you to get out in 24 hrs for the upcoming auction on the place. IF you decide to pursue this (Highly Unadvisable), look at this contract VERY seriously, this Landlord keeps mentioning " maintenance" Unless he is giving you one Killer deal on rent, the Land Lord is responsible for maintaince. If you are responsible for maintance, have what kind of maintance is required SPELLED OUT IN DETAIL! You may want to suggest that this guy use a property management company to handle his property. They are not expensive, handle the rent, deposites, fees and the headaches. Before you sign ANYTHING, have a lawyer look at the contract. This situation you are describing sounds extremly risky - BEWARE! I suggest that you contact a Realtor, most handle rental properties and for the most part cost you nothing. Many of us work with Property management companies and are paid by them or by the owners of the property. A good Realtor will work to see things done in your best interest and can save you a LOT of problems and hassles
2016-03-27 07:55:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
usually the security deposit is 1 month rent
2006-09-18 15:34:44 · answer #3 · answered by eeeeeeeeclipse 4 · 0⤊ 0⤋
Common practice in most areas is one month's rent. Some jurisdictions limit the deposit, others allow whatever the traffic will bear.
2006-09-18 09:30:15 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
i would say you need to pay deposit of one month rent which in you case 1350$
2006-09-18 09:00:37 · answer #5 · answered by Brooklynn 6 · 0⤊ 0⤋
1st-last and a security deposit (up to but not to exceed the current rent ) so your looking at 3-times the rent .
2006-09-18 09:01:38 · answer #6 · answered by luke m 5 · 0⤊ 0⤋
1 month plus $500 is standard in some states, where in others 2 months rent is...
2006-09-18 09:00:41 · answer #7 · answered by Song Seeker 2 · 0⤊ 0⤋
It would depend on the State in which you live. California allows 2months rent for the deposit. That would come to 2700 dollars.
2006-09-18 08:54:37 · answer #8 · answered by bertojame 2 · 0⤊ 0⤋
it could be one month deposit or up to 2 month deposit or right in between 1 and 2 so between 1350-2700
p.s. check my question on gas prices thanks
2006-09-18 09:04:01 · answer #9 · answered by chapelleseducatedguesser 3 · 0⤊ 0⤋
If it were my house I would require a deposit of $1500.
2006-09-18 08:53:17 · answer #10 · answered by Anonymous · 0⤊ 0⤋