If you lease a commercial space of 3 storeys, is it reasonable if the lessor ask the lessee to pay the 1 year advance deposit?
2007-03-21 15:39:39 · 2 answers · asked by rapunzel 1 in Business & Finance ➔ Renting & Real Estate
Commercial and residential don't follow the same rules. There is a normal one month amount for the last month. The security deposit is usually a stated amount that does not have anything to do with the monthly amount. It would be closer to what the landlord might if the tennant skipped out with everything. Cleaning fees, utilities, and damages.
2007-03-21 15:59:06 · answer #1 · answered by ttpawpaw 7 · 0⤊ 0⤋
No that is not normal but market dictates everything. See what others are asking. With good credit you should pay only the first and last month lease and a security deposite
2007-03-21 15:49:42 · answer #2 · answered by fijian 2 · 0⤊ 0⤋