Rentals in Pittsburgh>Question Details

Amiel Kelly, Renter in Staten Island, NY

do i have to put a down payment on renting a home.or just put the security deposit down and move in.

Asked by Amiel Kelly, Staten Island, NY Tue Sep 25, 2012

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Last I checked, the max allowable deposit in PA was 2 months rent during the first year of occupancy. You shouldn't need a down payment unless you're entering into a Lease Option.
0 votes Thank Flag Link Tue Sep 25, 2012
There are no hard and fast rules other than wnat the landlord wants to put in place. If is the owners property and they get to make the call as to how much security they need to feel protected.
0 votes Thank Flag Link Tue Sep 25, 2012
Most want a first month's rent and security deposit upfront, but it's going to vary from landlord to landlord.
0 votes Thank Flag Link Tue Sep 25, 2012
Alan May, Real Estate Pro in Evanston, IL
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