2 months rent as security deposit??? Input please

[saturnfan]

Please listen to this warning.

You can easily lose your deposit when you deal with amateur landlords even if you go through a rental agency.

Professional apartment communities follow NC law and escrow your security deposit in a bank. They may not co-mingle these deposits with their own monies.

Amateurs may spend your money and not have it to refund when you vacate. They may also file Chapter 7 bankruptcy where creditors usually get no recovery. They may also try to steal your deposit with phony damage.

Now, I'm a tenant by choice but helped my father-in-law when he was an apartment super. I fully understand what a bad tenant can do and how collecting damages is usually a futile effort.

I recommend renting an apt from a professional corporation where you have some recourse within the firm as well as money deposited into escrow.

By the way, apt. deposits tend to be ridiculously low here.

Stay away from houses until you're ready to buy.

[RedZin]

Originally Posted by 247551

I need some answers based on my thread....................

You barely waited 9 minutes.

That said, it depends on your lease.