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I'm just curious. I'm looking at rentals that say that the landlord will pay the broker fee. And yet, they want 3 mos. rent--first, and 2 mos. security. Altogether, 3 mos. rent up front. Doesn't anyone want just 2 mos. rent anymore? Is it more common now to ask for 3 mos., including 2 mos. security? Thanks.
First, last and security or occasionally first, and some sort of security deposit seems to be the norm. I'm looking now after years of owning and have found everything from first month's rent (of say $1200) + a $600 security deposit or $1800 total, to First, last, security and pet deposits that would take a similar $1200 monthly unit and end up costing over $4k to move in.
I'm sure it depends on the local market, credit score, etc, but I've only ever had to pay 1st month's rent and security deposit. Never had to pay last month's rent or a security deposit that was more than $250.
Totaly dependent on where you live. Do a google for LL/T rental laws in your state. Where I live its security deposit equal to one months rent and first months rent.
Quote:
Originally Posted by doghead
I'm just curious. I'm looking at rentals that say that the landlord will pay the broker fee. And yet, they want 3 mos. rent--first, and 2 mos. security. Altogether, 3 mos. rent up front. Doesn't anyone want just 2 mos. rent anymore? Is it more common now to ask for 3 mos., including 2 mos. security? Thanks.
I agree, first, last, and security deposit equal to one month's rent is standard in some places. Sometimes the security deposit is higher, for example if the property is furnished or if you have pets. Many (I want to say "all") states don't allow a "non-refundable security deposit," like a "cleaning fee" or "non-refundable pet deposit" (for the latter, landlords instead bump up the rent $10 or $20 a month, which is legal).
Speaking of annoying upfront costs, large multi-unit dwellings often charge move-in/move-out fees.
Places that charge ridiculous upfront need to be blown off by hurricane Katrina's parents to smitherines. Florida is like that (last time I rented there was in 2007, maybe they changed)
As a freshman in college, I was paying $1,000 upfront to move into a place and basically didnt have a bed, pot to cook in, nor food to eat...nothing. But the fat cat landlords were eating well while I sat starving in a room after paying $1,000 upfront. What kind of **** is that? Is this not America or what? Thats highway robbery. They dont need 1,000 up front!
It boggles my mind how people there can charge so much for a friggin square room. And when you starting off, you dont have that much money to spend.
Luckily, where I live now...I can pay anywhere from $59-$199 deposit for my 1st month, and thats it! And for less amount, I get a whole house with EVERYTHING, instead of a stupid garage/efficiency behind someone's house. I hate expensive cities! Most states without beaches work that way!
Places that charge ridiculous upfront need to be blown off by hurricane Katrina's parents to smitherines. Florida is like that (last time I rented there was in 2007, maybe they changed)
As a freshman in college, I was paying $1,000 upfront to move into a place and basically didnt have a bed, pot to cook in, nor food to eat...nothing. But the fat cat landlords were eating well while I sat starving in a room after paying $1,000 upfront. What kind of **** is that? Is this not America or what? Thats highway robbery. They dont need 1,000 up front!
It boggles my mind how people there can charge so much for a friggin square room. And when you starting off, you dont have that much money to spend.
Luckily, where I live now...I can pay anywhere from $59-$199 deposit for my 1st month, and thats it! And for less amount, I get a whole house with EVERYTHING, instead of a stupid garage/efficiency behind someone's house. I hate expensive cities! Most states without beaches work that way!
Hope your vent satisfied you. Landlords are people too and, although some are bad, most are responsible and enter into legal lease agreements with tenants. A LL doesn't care that you have financial problems. You can't afford the rent? Too bad. A contract is a contract.
Obviously you've never been a LL or a property owner and have no clue how many expenditures are involved in simply maintaining a rental property including deadbeat tenants who can leave the place totally trashed. Even when a judgement along with court costs is awarded in civil court, the monetary judgement so rarely gets back to the plaintiff LL.
Consider yourself lucky that you're in an area where, " Luckily, where I live now...I can pay anywhere from $59-$199 deposit for my 1st month, and thats it! And for less amount, I get a whole house with EVERYTHING, instead of a stupid garage/efficiency behind someone's house. I hate expensive cities! Most states without beaches work that way!" That is NOT the norm!
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