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Old 08-30-2010, 05:00 PM
16 posts, read 28,023 times
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What is the farthest out a landlord in the area will hold a deposit on a property without charging rent? Say I come and find a house in mid-november, pay deposit and app fees and get approved. Would I then have to start a lease the following month even if I didn't intend on moving my family until, say, jan 1?

In my experience it's pretty customary to secure residences 6-8 weeks out of a move, but I'm being told that in the Austin market landlords will expect you to start paying rent immediately even if you don't need your lease to begin for another 6 weeks or so.
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Old 08-31-2010, 11:41 AM
Location: SW Austin & Wimberley
6,213 posts, read 16,200,935 times
Reputation: 5299
The question is, how long will a typical landlord hold a home vacant while waiting for you to move in.

Most professional landlords will only hold a home vacant about 2 weeks, give or take depending on the level of motivation. Some homes are marketed prior to being vacant, so if a tenant gives a 60 day notice on Oct 1, and the landlord starts showing the home Oct 15th, and you lease it Oct 16, the landlord may hold it until Dec 16th, thus giving you a 2 month wait time.

Usually, you pay the deposit upon application and the first month's rent upon move-in. Some landlords require rent payment at the lease signing though.

In the Austin market, most tenants give a 30 day notice, so you should start looking about 45 days prior to the day you want to move in. That will provide you the largest number of candidate homes to consider, especially if you're surfing AustinHomeSearch.com. We rarely place our available listings longer than 45 days out, and a lot of property managers and landlords do the same.

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Old 08-31-2010, 04:12 PM
16 posts, read 28,023 times
Reputation: 10
Great information, Steve. The motivation factor makes sense. I've just never had a problem, in my time renting, securing a rental 6 weeks out with a security deposit. I can understand some not wanting to let their property sit that long if it is a hot rental market. I guess it all depends on the market though. Just wanted to verify the information I had gotten was correct. Thanks again!
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