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Re: Thoughts on First, Last and Security Deposit - Landlord Forum thread 344591

Re: Thoughts on First, Last and Security Deposit by Garry (Iowa) on April 22, 2016 @15:18

                              
You need to look up the LL/T laws for Florida, and see what they say on the subject. Most all the states have something in those laws about how much you can charge for a deposit, and if you can also ask for the last's month rent up front. However, as you point out, WANTING to collect lasts months rent up front, and actually GETTING it, are 2 different things. Getting it is mostly market-driven. If most of the rentals for miles around you are not asking for it and getting it, you won't be able to collect it, either, unless your rental market is extremely tight in favor of the LL. Pretty much all Ts expect to have to pay a deposit equal to 1 months rent, all over the country. But once you ask for a double deposit, those Ts, even the good ones, will look elsewhere to find a more accommodating LL. If anyone should ask you to use their deposit for last months rent , simply tell them NO, that you expect them to pay you the rent for the last month, and you will start eviction procedures on them if you don't get it.
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