Quote:
Originally Posted by atlcharm
There is no cap here in atlanta. The security deposit just cannot be more than the rental amount. However, I was just trying to get an idea of what type of deposit landlords typically see a section 8 tenant paying. I would like to get 1 months rent, but obviously a section 8 tenant would not be able to afford that otherwise why would they be on section 8? I was thinking of charging a $900 deposit, but don't know if this is realistic.
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For section 8 tenants in New York, typically we pay 1st months rent and security which each is equal to our portion of the rent calculated by section 8. So if the landlord is charging 2000 and my portion (calculated by section 8) is 1800 then i will be pay 1800 x 2 which totals $3600.
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