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    hirschy531's Avatar
    hirschy531 Posts: 1, Reputation: 1
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    #1

    Apr 18, 2007, 01:39 PM
    Renters Rights
    What is the legal amount of money that a landlord/manager can ask from a new tenant when signing a lease? For example, is it 1st and last months rent? 1st months rent plus another amount of money for a security deposit?

    Thanks.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Apr 18, 2007, 01:46 PM
    Hello h:

    It depends on your state law. Some states don't address the issue at all, in which case they can charge anything they like. You can find your state landlord/tenant law listed on the sticky note at the top of this forum.

    excon
    Emland's Avatar
    Emland Posts: 2,468, Reputation: 496
    Ultra Member
    		  
    #3

    Apr 18, 2007, 01:47 PM
    Here is a great resource for renters Renting - HUD

    In Virginia the maximum the landlord can ask is 2 months plus any pet fees. It may be different in your state.
    Matt3046's Avatar
    Matt3046 Posts: 831, Reputation: 128
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    #4

    Apr 18, 2007, 01:48 PM
    While I am sure some states have laws on this, I am pretty sure in most states it's what the market will bear. In other words what ever they want, but if it is too much no one will want to rent the house.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #5

    Apr 18, 2007, 04:21 PM
    1st and last month plus security deposit is not uncommom. Plus extra deposit for pets.
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