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Old 04-10-2014, 03:44 PM
 
14 posts, read 29,022 times
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At the time you the lease ?

My occupancy is two months away. I am trying to negotiate to with landlord that I pay first month during signing of lease agreement( next week) and last+security when I get the keys. Not sure if there would be any specific laws , but renters what is the trend you see? I mean who hands hands out non interest bearing ( except security deposit) montsh in advance ?
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Old 04-10-2014, 04:34 PM
 
Location: MA
675 posts, read 1,700,954 times
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I think once you hand over the security deposit they must deposit into the interest bearing account right away. I've almost always given all deposits at the time I sign the lease (admittedly usually only 1 month in advance). In theory it would be great to hold onto the money longer but in practice, I usually just want to secure the apartment in a competitive rental market.

Your negotiation sounds reasonable, if your landlord agrees that would be great.

RHA should be able to help with what the law says: RHA :: Rental Housing Association(2)
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