Is it by Law you have to pay?

Question

A 6 Week Deposit on rented accomodation or is it 4 weeks/1 Month?

Answer 1

I'm pretty sure that depends on the Owner/Renter of the property/Dwelling.

Not a Government controlled thing.

Answer 2

Your landlord has the right to ask for a deposit towards your rent. This can be for the possible damage of the property or none payment of rent. To get your deposit back check the inventory list with your landlord at the beginning and ending of your agreement. Plus the state of the property is in after all you don't want to be paying for a carpet that was already damaged by someone else. Also check who is responsable for repairs, read your contract through properly before signing. There was a law brought out recently concerning deposits where landlords were concerned.

Answer 3

The amount of the deposit is very dependant on the landlord/agency I'm afraid and I've known some landlords charge up to and beyond 3 months rent!

All I can advise is to make sure you shop around and when you do find somewhere suitable, make sure you get a full inventory, a receipt detailing exactly what the deposit is to cover and most importantly, take digital, dated photographs of every nook and cranny both before you move in and whilst you are moving out. It's not unusual for the more unscrupulous to try and keep your deposit based upon `damages` that never actually existed.

It's a harsh world out there - take care and good luck :)

Answer 4

There is not law, it depends entirely on the landlord you rent from. In my experience most ask for 4 or 6 weeks, but some ask for more, and some ask for none. By law they do have to put your depoist into the government deposit scheme which protects the deposit and assists in deposit disputes. Basically it stops naughty landlords doing a runner with your money, and naughty tenants refusing to pay for unacceptable damage etc.

Answer 5

Probably a negotiable thing, but could also be capped by local laws, and split into "rent deposit" and "damage deposit." In my experience (renting in 4 different states), rent and damage deposits are each equivalent to one month's rent, so you need to add that to your first month's rental payment before you are allowed to move in. Some states (e.g., MA) heavily regulate the way landlords calculate damage and how they handle the tenant's damage deposit (separate account, etc), assuming they collect one (completely discretionary).

Answer 6

Depends on the lease requirements. Here in Arizona you can sometimes find places that have a month or two of free rent, deposits usually run about $200.

Answer 7

Some places there are local rent control rules formulated by local administration(Muncipal/City authorities) in which rent up to 3 months can be accepted as deposits.Mostly it is as part of the agreement between the tenant and the owner.The lease document will indicate the quantum of deposit.

Answer 8

It depends on the law of the state. Under the Pennsylvania Landlord Tenant Act, it is two months during the first year of a lease. During the second and succeeding years, it is no more than one month's rent.

Answer 9

normaly you pay, one and a half times your monthly rent as a bond for renting. your landlord has to insure himself for this money to be returned to you when you leave the property.that is if it is in the same condition as you moved in?
do not think it is law, just a contract that each person signs up to
the money is for any damage you cause to the property?
hope this helps

Answer 10

Depends on the person you are renting from, I don't think there is an actual law.