Rental Basics in 33139>Question Details

Cathy, Home Buyer in Florida

Condo rental in Palm Beach, FL

Asked by Cathy, Florida Wed Nov 21, 2012

I just rent a condo out, tenant paid first, last month rental and 1 month security deposit. My property manage advice me that the security deposit and the last month rental should be deposited into a non interest bearing bank account. My question is that is it mendatory to do so for both security deposit and last month rental? any rules and regulations in Florida?

Please advice!

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Sophie Bamps’ answer
As suggested I would talk to your agent or real estate attorney about your options.

Good luck

One United Properties, LLC, Licensee of Engel & Voelkers Florida Residential, LLC
1221 Brickell Ave., Suite 1500
Miami, FL 33131, USA
Tel: +1-305-443-2424
Fax: +1-305-443-2226
Cell: +1-305-206-8867< href=">" target="_blank" rel="nofollow">>< href=">" target="_blank" rel="nofollow">>
0 votes Thank Flag Link Sun Nov 25, 2012
Hi Cathy,

What does the contract call for? If in doubt, contact a real estate attorney for advice.

I hope everything works out well for you.

Nadine Mauro
Highlight Realty
0 votes Thank Flag Link Wed Nov 21, 2012
Cathy, you should talk to your agent, but it does sound like she's giving you good advice.
0 votes Thank Flag Link Wed Nov 21, 2012
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