Can a landlord require a last months deposit after you have signed a lease and paid the first month's rent and a security deposit |
Answer:
The answer below is pretty much correct. It is important to understand that there is rent and security. The deposit is to cover losses and protect the landowner against you if you have bad credit or if you demolish the apartment. The owner must deposit this in a separate security account that carries interest payments on your money.
Think Properties NYC
Answer:
Better if you are going to review your contract because that is the only way to know if the things that your landlord's doing are legal. There are times that they are allowed to ask for last months deposit because they need to be assured that even though you will be evicted or move out without ending the lease and you choose not to pay your last monthly rental fee at least they have your last month deposit.
Think Properties NYC
Answer
Only if it is included in the wording of the lease that was signed. If there is no clause requiring last month's rent. Then the request by the landlord is unenforceable.Answer:
Better if you are going to review your contract because that is the only way to know if the things that your landlord's doing are legal. There are times that they are allowed to ask for last months deposit because they need to be assured that even though you will be evicted or move out without ending the lease and you choose not to pay your last monthly rental fee at least they have your last month deposit.
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