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Is it legal in NH to be charged first and last months rent plus a security deposit?
Wiki User
∙ 8y ago
Yes it is legal to ask for first, last and security in Rhode Island.
Page 5 of The Rhode Island Landlord-Tenant Handbook issued by the State, states that, "A landlord can take a security deposit from a tenant at the beginning of a new rental term but it cannot exceed one month's rent." and "Separate amounts of money can be requested from a new tenant for prepaid rents, etc." You can view the handbook (right click to download the pdf) on the link below.
We will be doing this from now on after a long-term tenant used his security deposit to pay his last month's rent. While the apartment was fortunately in good shape, it could have been an expensive lesson if he'd trashed it and skipped out on the last month's rent. Collecting last month's protects the security deposit and ensures that the rent will be paid once they've notified you of their intentions to move out.
Since paying all three fees (first, last, security) at once can be a huge financial hit, you may want to have them pay one of the fees in installments over several months.
Wiki User
∙ 13y ago
Wiki User
∙ 8y agoYes
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Is it standard for a landlord to ask for first last and security deposit?
Yes. Virtually all property owners will insist on first, last, and deposit to ensure that the tenant will not move out in the middle of the night, or damage the property.
It is against the law for the landlord to ask for first and last months rent to someone who is renting?
Massachusetts statutes allow a landlord to collect, at the beginning of a tenancy, the first month's rent, the last month's rent, a security deposit, and a key fee. Most states are similar.
Can i not pay my last month if i gave a first and last month deposit?
If you have a contract stating that you did indeed pay your money upfront that serves as a first and last months deposit, then there should not be any problem. If you do not have a contract, then the landlord can say that was a damage deposit...all depends on what you have in writing.
When you pay first and last security deposit on a rental home and you stayed there for your first month do you owe after the first 30 days or do you start paying on the second month you just don't get?
Normally you start paying the rent after 30 days. The landlord keeps the "last" months rent as a security deposit until you move out. In some states, you can use this as the final month's rent on your lease (usually the 12th month.) If you renew your lease the landlord will keep it until your final 30 days. . . that's why it's called the "last" month's rent.
Do you have to pay first month rent last month rent and the security deposit the first month on an aparment?
Some landlords require all three, some don't. It's up to the parties to agree on the terms, but the landlord set his terms, and the tenant can take the place or leave it.
Can you be charged first and last months rent and a seurity deposit when renting?
It is very common for a landlord/rental agency to require first and last months rent and a security/damage deposit. Check local/state renters laws to ensure your rights.
What does first last and security deposit mean for a rental home?
First and last months security deposit is given so the landlord has a means of repairing any damage you might do to the house. It encourages the renter to take care of the property in order to get their deposit back.
Can you charge first months rent last months rent and a security deposit in California?
Yes, I believe so. The security deposit is limited to 2 month's rent which is pretty much what you are asking about.
How much deposit can you charge a renter?
All 50 states allow renters to be charged a security deposit when renting. The amount is left up to the discretion of the landlord, but typically it is equal to the first month's rent.
Can a landlord in Connecticut charge first last and a security deposit?
Yes, a landlord in Connecticut can charge first, last, and a security deposit to renter.
If you pay a security deposit and first months rent is the following month going to be in full payment of the rent or prorated?
The first month's rent pays for your first month in the apartment. You will owe the agreed-upon rent to the landlord the second month. I can't see why anything would be prorated--your security deposit cannot be used for rent.
Do you have to pay first and last months rent plus a security deposit to rent a home?
Usually, but it's up to the discretion of the landlord. You can possibly negotiate with them if you can convince them that you are trustworthy.
What is the first and last rule?
The first and last rule generally means that when you move-in you are required to pay your first month rent and your last month's rent. A security deposit may also be charged. But oftentimes your landlord will work with you in making security or last month's rent deposits. The difference between last month rent and a security deposit, both which can equal the same amount, is that the last month rent is used to apply to your last month of rent, while the security deposit is refunded to you provided you leave the apartment in good condition minus reasonable wear and tear. Your security deposit is generally not applied towards your last month's rent, especially if you did pay a last month's rent in advance.
What do you pay to the landlord before you move in?
To move into a dwelling, the landlord is going to generally ask you for the first month's rent, a security deposit, and often times the last months rent. Every state has its own rules about this and you should check with it. In South Carolina and Florida your security deposit may not exceed one month's rent. And in both states that security deposit may not be used as rent unless you and the landlord mutually agree.
Can a landlord ask for first and last month rent plus security in North Carolina?
Under the Tenant Security Deposit Act, a landlord of a residential rental property can collect a security deposit of 2 weeks' rent if the tenancy is week to week, 1 1/2 months' rent if the tenancy is month to month, or 2 months' rent if the tenancy period is greater than month to month (such as a yearly tenancy). The Act also allows the landlord to ask for a "reasonable" non-refundable pet deposit.
Can a CA Landlord ask for first and one and half times security deposit?
You can check with the Tenants Association in your city but that's not unusual. I'm surprised that they're not asking for first, last and the security deposit.
How do you go about getting your security deposit after waiting 2 months?
First, review the terms of your rental agreement to make sure you comply with all conditions for receiving a security deposit refund. Next, contact your landlord or property manager directly to inquire about the status of your security deposit. If they are unresponsive or refuse to return it, you can file a dispute through small claims court or seek legal advice depending on your jurisdiction.
