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An Apartment Lease Should be Very Specific?
As the owner/landlord of one or more apartments, it is imperative that you have a properly drawn up apartment lease that specifies all of the terms that you wish a tenant to comply with while occupying your property. There is much more to an apartment lease than the amount of rent you will collect each month. As a property owner, you want to protect your property as best as possible. Yes, you can ask for a security deposit, but if you get a crazy tenant, they can cause much more damage than the security deposit will cover. One very important thing to specify is the number of people allowed to occupy your apartment. Having 10 people in a 2 bedroom apartment is a recipe for disaster.
Renting an apartment in Indianapolis In with evictions?
Renting an apartment in Indianapolis, IN when there have been prior evictions can sometimes be tricky. It is best to be upfront with the landlord. They may require references and a security deposit in order to rent the apartment.
Is it legal for an apartment to cash your security deposit before you get approved?
Probably. I mean, if I were renting an apartment to someone, I'd want to make sure their checks clear before I let them move in.
What is Sec Dep OAC?
The abbreviation Sec Dep means security deposit. OAC means on approved credit. So, when you put the terms together is means that s security deposit would be required once your credit is approved to rent the apartment.
Can you rent an apartment without a social security number?
Yes you can if you pay up to 6 or 12 montths of rent in advance, or a really good deposit! But you have to check with the landlord first!
What is the average security deposit on an apartment?
When you rent an apartment the first and last month's rent is required plus security deposit of several hundred dollars. It can cost as much as 1500-2500 dollars to rent an apartment.
How much is security deposit for an apartment?
Depending on the lease or the apartment Depending on the lease or the apartment Depending on the lease or the apartment
What is a bonded apartment?
A bonded apartment means that a surety bond has been used to instead of a security deposit to obtain the apartment. The minimum amount for a surety bond is $87.50.
When a tenant vacates an apartment is it right for the landlord to deduct money from the security deposit to pay to clean and paint the apartment for the next tenant?
The purpose of a security deposit is to pay the last month's rent in the event that a tenant stops paying and has to be evicted, not to pay for cleaning and painting. It would only be reasonable to use a security deposit for this purpose if the departing tenant left the apartment in extremely bad condition, requiring an abnormal expense to restore it.
What is an average security deposit on a 2 bedroom rental home?
in Cleveland OH it's a given that it would be the same as a month's rent. Warning: from my personal experience do NOT use that as your last month's rent.
Can a landlord deny you an apartment if you only have first and last month's deposit even though they asked for Security deposit as well?
It depends on what state you are in according to RentLaw.com
An Apartment Lease Should be Very Specific?
As the owner/landlord of one or more apartments, it is imperative that you have a properly drawn up apartment lease that specifies all of the terms that you wish a tenant to comply with while occupying your property. There is much more to an apartment lease than the amount of rent you will collect each month. As a property owner, you want to protect your property as best as possible. Yes, you can ask for a security deposit, but if you get a crazy tenant, they can cause much more damage than the security deposit will cover. One very important thing to specify is the number of people allowed to occupy your apartment. Having 10 people in a 2 bedroom apartment is a recipe for disaster.
Renting an apartment in Indianapolis In with evictions?
Renting an apartment in Indianapolis, IN when there have been prior evictions can sometimes be tricky. It is best to be upfront with the landlord. They may require references and a security deposit in order to rent the apartment.
What is a Waiver of Security Deposit?
Generally speaking, a waiver of security deposit means that the management of the property being rented (apartment, etc.) has agreed to allow a renter to skip putting up a normally required deposit for the property. Sometimes management is willing to do this for a prospective tenant.
Can a Manager or Landlord Wrongful withhold part of a security deposit even if you never moved in?
If an apartment is reserved for you, because you paid a security deposit, that means that the landlord is not able to rent it to anyone else. Hence, when you then decide not to move in after all, the landlord has still lost the rent which he might have collected by renting that apartmnent to a different renter. So yes, he can withhold the deposit. It is not a good idea to make a deposit on an apartment that you are not actually going to move into.
Does a security deposit covers the rent for the first month when moving into an apartment?
Not usually, unless specified by management. The security deposit is held to cover any damages, above normal wear and tear, that takes place during the time you live there.
Is it legal for an apartment to cash your security deposit before you get approved?
Probably. I mean, if I were renting an apartment to someone, I'd want to make sure their checks clear before I let them move in.
