2007-09-01 13:32:20 · 9 answers · asked by Jane Williamson 1 in Business & Finance ➔ Renting & Real Estate
It is standard practice in the bay area.
2007-09-01 15:30:56 · answer #1 · answered by Landlord 7 · 2⤊ 0⤋
It doesn't sound like that bad of a deal. $725 is pretty cheap for rent, isn't it? The prorated first month's part is unusual... but considering that it's only $230, it doesn't seem like a big deal. Besides- that means you get to move in a week early, right? Otherwise- tell the landlord that you'd rather move in on the first of the month- and only pay the first month's rent. It's a lot to put down... but I've heard of real estate agents that charge four full month's rent: 1st month 725 last month 725 security deposit 725 (you're getting a deal- only 375) agent fee 725. So I don' think this is that bad of a deal. Just make sure everything's clear in writing before you sign the lease. Also check your apartment before you move in and take photos so that you're not charged for any pre-existing damages when you move out. Good luck!
2016-04-02 22:46:42 · answer #2 · answered by Anonymous · 0⤊ 0⤋
YES.
In California, a landlord can require up to 2 month's of rent as a security deposit for an unfurnished unit and up to 3 months for a furnished unit.
The security deposit is in addition to rent.
Whatever you pay in excess of the first month's rent is considered "security deposit" even if it's called "cleaning deposit" or anything else.
2007-09-03 21:23:31 · answer #3 · answered by Genki 3 · 0⤊ 0⤋
First, Last plus one month's security deposit is standard practice in the Philadelphia, PA area. On top of that I collect a $300 fee per pet if they want to sign the pet addendum to the lease. My last tenant had 1 cat and 1 dog. So I collected first, last, one month's rent security deposit plus $600.00 pet fee. The tenant didn't blink an eye because it is what is expected here.
2007-09-01 18:58:38 · answer #4 · answered by Patrick 5 · 0⤊ 0⤋
That's kind of over doing it, if he's asking for both the last months rent plus a security deposit. I wouldn't trust this kind of landlord to even refund my security deposit. Look else where for someone who is more reasonable and legit. First and last months rent or first month's rent plus a security deposit but not all three. That's just outrageous.
2007-09-01 13:44:09 · answer #5 · answered by soulguy85 6 · 0⤊ 1⤋
They can ask for whatever they want. The more money they collect in a deposit, the more SECURE they feel that you're not going to live there without paying rent.
2007-09-01 15:34:07 · answer #6 · answered by Roland'sMommy 6 · 0⤊ 0⤋
Absolutely
2007-09-01 13:38:46 · answer #7 · answered by Anonymous · 0⤊ 0⤋
yes mine did
2007-09-01 13:39:34 · answer #8 · answered by sadfwer 3 · 0⤊ 0⤋
why couldn't he? most do
2007-09-01 13:40:09 · answer #9 · answered by Anonymous · 0⤊ 0⤋