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Why would a landlord charge less than a month's rent for a security deposit?
| trip sooty pistol | 02/17/18 |
| Bespoke lettuce office | 02/17/18 |
| trip sooty pistol | 02/17/18 |
| Bespoke lettuce office | 02/17/18 |
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Date: February 17th, 2018 4:20 PM Author: trip sooty pistol (http://www.autoadmit.com/thread.php?thread_id=3896067&forum_id=2#35426084) |
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Date: February 17th, 2018 4:26 PM Author: Bespoke lettuce office Most obvious answer is that the local custom isn't trying to dick people over on security deposits. The idea that landlords can ask to hold thousands of your dollars is a pretty coastal attitude. They're just nicer and more practical than your average NYC slumlord.
The more business related reason is that there may be administrative hassle with holding security deposits. Law may require it go in an interest bearing account, be held in a certain institution, etc. |
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Date: February 17th, 2018 4:29 PM Author: trip sooty pistol (http://www.autoadmit.com/thread.php?thread_id=3896067&forum_id=2#35426146) |
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Date: February 17th, 2018 4:31 PM Author: Bespoke lettuce office Don't you pay rent the 1st of the month
Security deposit is more for damages in excess of normal wear and tear. |