Quick question, I'd like to move into a rent house, the guy that owns the house is asking for the deposit to hold it, which I thought was no big deal, but he's also asking for the first months rent too on top of that and I haven't lived in the house yet for a month for him to warrant charging me a months rent up front. Is it normal to pay the first months rent plus deposit even if you haven't lived in the house a month yet?
2006-12-26 10:07:17 · 10 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Whats typical is First, Last, and a Security or Damage deposit. The last 2 are often confused by both renters and owners of rentals. Last is also a sticky issue for many to understand. The last months rent doesnt mean you are automatically covered for the 2nd month if you dont pay the rent on time after month 1. Last months rent doesnt apply until proper and timely notice is given to the landlord of your intent to move. The month you give such notice is still considered a normal lease term month. You can be made to pay a late fee plus that months rent by assuming it was already paid. Before moving in and once moved out an inspection / property condition form should be completed to asses and document the real condition of the rental. failure to do such can hang up a unwarranted portion of your damage deposit. The security deposit should be refunded upon your vacating the premises. The damage deposit or the portion of it remaining,within 30 days of vacancy. If you do not receive such or a portion then there should be a invoice attached explaining where the missing amount went.
2006-12-26 13:02:58 · answer #1 · answered by Kevin H 4 · 1⤊ 0⤋
Yes, this is normal. Most landlords will charge the first month's rent up front, before you even move in, along with the deposit. This is an extra assurance for them so that they know you are good for the money and truly are planning on moving in and are not going to flake out later.
Now that being said, if you signed a rental agreement on December 15th, but the agreement was that you won't move into the house until January 1st, your first month's rent that you pay up front in December should cover January 1st through January 31st. You shouldn't have to be paying rent for time in December when you weren't actually living in the house.
2006-12-26 10:23:48 · answer #2 · answered by puffinpower 2 · 0⤊ 0⤋
It is very normal, you aren't paying for your rent a month after living in the house you pay a month up front. Most landlords ask for first and last month rents up front. Make sure you overlook your rental agreement careful so you fully understand what you are getting into.
2006-12-26 14:34:50 · answer #3 · answered by Wicked Good 6 · 0⤊ 0⤋
The usual is first and last month plus a damage deposit.
2006-12-26 10:30:39 · answer #4 · answered by Anonymous · 1⤊ 0⤋
What doesn't sound right? That's standard practice. You ALWAYS pay rent in advance, i.e. the rent for January is due on January 1st.
First time renting, huh?
2006-12-26 10:43:54 · answer #5 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Most of the time rent is collected prior to the month you live there. But you may be able to work something out with the landlord to pay at the end.
2006-12-26 10:15:24 · answer #6 · answered by James R 1 · 0⤊ 3⤋
Nothing weird about this at all. Rent is up front, you are always paid in advance.
2006-12-26 12:05:31 · answer #7 · answered by Anonymous · 1⤊ 0⤋
it does sound weird. He should not be asking you to pay if you have not lived there a month.
2006-12-26 11:30:46 · answer #8 · answered by Anonymous · 0⤊ 1⤋
yes. you have to pay a month in advance.
2006-12-26 10:17:23 · answer #9 · answered by AnyaNledo 3 · 2⤊ 0⤋
Yes, very normal.
2006-12-26 10:12:38 · answer #10 · answered by sawftandtender 4 · 3⤊ 0⤋