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Old 03-05-2015, 03:42 PM
 
Location: NYC
544 posts, read 1,229,155 times
Reputation: 296

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Quote:
Originally Posted by Ivan Putski View Post
I had to put down $300 over 10 years ago and I didn't get it back until I disconnected service which was 5 or 6 years later.
jeez.. did they tell you why this amount? i would have thought that amount goes back into your account to use as credit at the end of the year? so i don't get this deposit until i move out... hmmmm
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Old 03-05-2015, 03:50 PM
 
78 posts, read 103,540 times
Reputation: 39
Quote:
Originally Posted by flyonpa View Post
They base the "Deposit" amount on a Month or two of normal usage.

or there estimation of what is normal for that type of place.
My apartment is less than 700 sqft and my bill is nowhere near that amount. I have no idea how they come up with such an arbitrary amount. It's definitely not based on usage at my place.
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Old 03-05-2015, 03:51 PM
 
Location: MMU->ABE->ATL->ASH
9,317 posts, read 20,905,456 times
Reputation: 10443
If your payment history is good (ontime every-time) , after a year or so you can ask for the deposit to be credited to your account.

Some Utilities you can have your current/former utility fax them a letter saying you payed on time and they will wave the deposit requirement.
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Old 03-05-2015, 03:52 PM
 
78 posts, read 103,540 times
Reputation: 39
Quote:
Originally Posted by prettybaby80 View Post
jeez.. did they tell you why this amount? i would have thought that amount goes back into your account to use as credit at the end of the year? so i don't get this deposit until i move out... hmmmm
They told me I'd get it back after 12 months so hopefully they've revised their policy and I'll get mine back next year.
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Old 03-05-2015, 04:06 PM
 
19,038 posts, read 25,123,345 times
Reputation: 25351
Quote:
Originally Posted by prettybaby80 View Post
how do they come up w/ an amount? i'm putting down 134.00
Quote:
Originally Posted by shesbenevolent View Post
My apartment is less than 700 sqft and my bill is nowhere near that amount. I have no idea how they come up with such an arbitrary amount. It's definitely not based on usage at my place.

Think about it...If you are new to this apartment, obviously they can't base that number on your usage, so it is based on the usage of the previous tenant.

If the previous tenant used a lot of electricity, your deposit will be higher.
If they used less, it will be lower.
That is the only way for a utility to base a deposit for a new customer on "usage".

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Old 03-06-2015, 03:51 AM
 
Location: NYC
544 posts, read 1,229,155 times
Reputation: 296
Quote:
Originally Posted by flyonpa View Post
They base the "Deposit" amount on a Month or two of normal usage.

or there estimation of what is normal for that type of place.
ohhhhhh ok, thanks
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Old 03-06-2015, 03:54 AM
 
Location: NYC
544 posts, read 1,229,155 times
Reputation: 296
Quote:
Originally Posted by Retriever View Post
Think about it...If you are new to this apartment, obviously they can't base that number on your usage, so it is based on the usage of the previous tenant.

If the previous tenant used a lot of electricity, your deposit will be higher.
If they used less, it will be lower.
That is the only way for a utility to base a deposit for a new customer on "usage".

thanks! yea... i'm not going to complain about 134.. could be worse
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Old 03-06-2015, 07:50 AM
 
Location: NE FL
1,555 posts, read 2,125,104 times
Reputation: 1374
Quote:
Originally Posted by prettybaby80 View Post
jeez.. did they tell you why this amount? i would have thought that amount goes back into your account to use as credit at the end of the year? so i don't get this deposit until i move out... hmmmm
I never had PSEG under my name so I didn't question it. Figured that's what everyone paid.

Now that I think about it, it was over 17 yrs ago when I graduated college and got my own place. There's probably a correlation between age, credit rating etc and the initial deposit amount. I haven't had to put a deposit down for 3 subsequent residences.
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Old 03-06-2015, 12:05 PM
 
78 posts, read 103,540 times
Reputation: 39
Quote:
Originally Posted by Retriever View Post
Think about it...If you are new to this apartment, obviously they can't base that number on your usage, so it is based on the usage of the previous tenant.

If the previous tenant used a lot of electricity, your deposit will be higher.
If they used less, it will be lower.
That is the only way for a utility to base a deposit for a new customer on "usage".

The apartment was vacant for 6 months before I moved in but the utilities were still connected. They electricity was used when the management company showed the apartment and when renovations were made, the electricity/heat were barely used.
And I am not an idiot thanks.
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Old 03-06-2015, 12:16 PM
 
19,038 posts, read 25,123,345 times
Reputation: 25351
Quote:
Originally Posted by shesbenevolent View Post
The apartment was vacant for 6 months before I moved in but the utilities were still connected. They electricity was used when the management company showed the apartment and when renovations were made, the electricity/heat were barely used.
And I am not an idiot thanks.

I didn't attempt to imply that you were an idiot, and if you interpreted my response that way, it was not intended.

However, I believe that the deposit was based on peak usage when the apartment was occupied.
What other explanation do you have for varying deposit amounts for different people?

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