security deposit - Landlord Forum thread

security deposit by Anonymous (Washington DC) on November 13, 2009 @17:27

Is it acceptable to require an applicant to pay up the security deposit due on rental a few days after they have been notified that were approved? I have an applicant who i approved and I told her that she had to provide the security deposit within a week. Initially, she was OK with it, but she just called me (on the day we were supposed to meet to collect the depost) and told me that the SEC 8 office told her that I can only collect the deposit when she moves in, which is 2 months a way from now. This is crazy. SEC 8 has nothing to do with the security deposit.

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Re: security deposit by Micah on November 13, 2009 @17:29	[ Reply ]
DON'T rent to S8 tenants!

Re: security deposit by Anonymous on November 13, 2009 @17:55	[ Reply ]
You never want to rent to anyone who claims to know about landlord laws and regulations. If the tenant is starting out like this now, expect more later.

Re: security deposit by OK-LL on November 13, 2009 @18:10	[ Reply ]
Section 8 has no business involving themselves in the SD. Let the prospect know that if she wants you to hold the unit for her, she will need to pony up non-refundable the "holding fee" of $XX dollars, which will convert to rent when she signs the lease.

Re: security deposit

Re: security deposit by Ultimate M-Bone on November 14, 2009 @09:22

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It is apparent that Sec.-8 tells them that. I have heard that over the years by many of them. I've told them "I won't hold my place for you WITHOUT a deposit" They don't pay it, they don't get it. They lose the money if they change their mind. Well, you can't hold a place for 2 months and not expect to lose something. There is nothing else to stop them from backing out of your place.

I had one change her mind and lost her deposit/rent. She held up the house for over a month, they are f*en idiots to think they can tie up your rental that long and just change their minds. I had them give the deposit when I filled out the lease approval forms.

As it is right now, I am free of Section-8 tenants, we havn't accepted any for several years. And when they call me now, I tell them, I am not taking S-8 if I can help it, I hate Sec-8 it is the biggest, worthless piece of shit of a program, and I tell the tenants that.

I just can't believe the losers out there, no one qualifies to rent my places. I have 2 applications on a house and neither one qualifies.