If a landlord ask for first and last months rent plus an extra month and a security deposit when would my first payment be due? Also does anyone else think this is a bit extreme?
2007-02-08 02:09:17 · 9 answers · asked by cherish 1 in Business & Finance ➔ Renting & Real Estate
Your rent would be due at the start of the second month.
That is common procedure for most landlords. You may want to ask if you can pay extra on your rent to put into the last month's account if you don't have the money.
2007-02-08 02:14:28 · answer #1 · answered by Jo 6 · 1⤊ 0⤋
If you pay first and last plus an extra month and security it works this way if you plan to move in March 1st and rent is $1000 per month; today you pay $4000, you move in March 1st and pay nothing since this was paid as "first", you also pay nothing on April 1st since this was paid as "extra month". The first time you will pay rent is May 1st.
Say you decide to move out next year on February 28th. As long as you have given proper written notice to vacate either 30 or 90 days whichever your state or lease requires, on February 1st you will pay no rent since this was paid as "last". After you have moved the landlord will still owe you $1000 which was paid as "security" as long as you have not damaged the property.
The initial $4000 seems like a lot but you won't owe rent for your first 60 days or your final 30 days.
Good luck though, he sounds like a quirky landlord who may have other quirks up his sleeve! Maybe he has just been burned by previous tenants and wants to cover himself.
2007-02-08 10:42:15 · answer #2 · answered by ebosgramma 5 · 0⤊ 0⤋
Way too extreme. Usually it is first months rent and a deposit. You can afford all that at one time???? But anyway your rent would be due the first on the following month that you move. So if you moved in Feb 1st, you would have to pay rent on March 1st. Use that extra month rent in like December or something when you run low on money. Assuming that's why they asked for it....for a month that you can't pay for some reason.
2007-02-08 02:17:12 · answer #3 · answered by besitos2610 5 · 1⤊ 2⤋
Yes extreme and probably against the law where you live... as I don't know where you live, I cannot suggest a web site.
But do a search under: Landlord and Tenant Act; or Tenant Leases etc.
Thing is... I bet even if you are a model tenant, the landlord will find "some" way of keeping the extra money you paid.
If you have rented before and had a good tenancy, perhaps get a letter of recommendation from your previous landlord to show to new landlords?
Personally, I would look for another place to live...........
Good Luck !
2007-02-08 02:15:58 · answer #4 · answered by JustSo 3 · 0⤊ 1⤋
It sounds like the landlord thought you we're a high risk tenant. The landlord is probably wanting you to stay ahead in rent at all times, you might want to ask if that is the case, you won't have to pay rent the last two months.
2007-02-08 02:22:00 · answer #5 · answered by Shannon R 1 · 1⤊ 1⤋
Your rent would be due at the start of the second month. Those requests are a little much to ask of a new renter, But its his property so its his rules, He must have gotten burned by another renter in the past and now he is just trying to cover his bases.
2007-02-08 02:22:49 · answer #6 · answered by linville15 1 · 2⤊ 0⤋
Most rentals require this. You wont have to pay rent the month you move in because you already paid it in advance. If you move in Feb 15, then you wont have to pay until March 15. When you move out, you wont owe the last months rent because that was already paid.
2007-02-08 02:17:57 · answer #7 · answered by KathyS 7 · 0⤊ 0⤋
Well you would have to pay all that when you moved in and then the second month you are there would be the first payment. And YES that is very extreme!! I have never heard of something like that. It may be b/c of your credit, but if you have great credit then they are trying to screw you.
2007-02-08 02:21:55 · answer #8 · answered by Sara H 2 · 1⤊ 1⤋
too extreme! Find somewhere else to live! Usually rent is due the1st of every month...but i would make sure I asked
2007-02-08 02:14:28 · answer #9 · answered by L 3 · 1⤊ 3⤋