Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Leases & Rental Agreements and other Rental Home topics.
Landlords have the right to ask for a security deposit to protect the rental property from any damage that may incur while you are renting. They are not allowed to hold a security deposit that is more than two months rent unless they are holding it for a specific threat to the property, such as a pet security deposit for any additional damages pets may do to the property. Ask about all security costs up front before signing lease.
Guru Spotlight |
Susan Sayour |