When renting in apartment is 1 months rent due along with the deposit, or only the deposit? It's the first time being involved in the rental process.

Asked by Angel Humphrey, Chicago, IL Sun Aug 25, 2013

Help the community by answering this question:

+ web reference
Web reference:

Answers

14
Mike Opyd, Agent, Chicago, IL
Fri Feb 28, 2014
It used to be 1st months rent + deposit but many landlords are going away from this and asking for 1 months rent + an upfront fee (not a deposit) in case of any damages. Kind of like a non refundable move in fee.
0 votes
Mark Malave, Agent, Chicago, IL
Thu Feb 27, 2014
Either a security deposit or now a "move in fee" are being charged in Chicago. This is to protect the property and make sure you take care of it. If you move out and the place is a mess the landlord will charge you for cleaning and repairing. The charges are taken out of your security deposit.
Web Reference:  http://www.markmalave.com
0 votes
Matt Hoyt, Agent, Highland Park, IL
Wed Aug 28, 2013
Yes, deposit and first months rent is the norm.
0 votes
Bill J Delig…, Agent, Naperville, IL
Tue Aug 27, 2013
It depends on the landlord, but most will require the 1st month's rent + 1 or more months of security deposit. Get a lease and get receipts.
0 votes
Evelyn S. Fr…, Agent, Chicago, IL
Mon Aug 26, 2013
Yup, rent and security deposit are normally due at the same time.

That said, depending when you contract you may be able to give the security deposit then the 1st months rent on the 1st, or day before, really depends on the landlords flexibility and your qualifications.

Good luck!
0 votes
Donna Lichte…, Agent, Chicago, IL
Mon Aug 26, 2013
Yes, it is typically required by most landlords unless you are signing up for a rental in the future.
0 votes
Ivan Sagel, Agent, Chicago, IL
Mon Aug 26, 2013
Angel,

Typically, you give the deposit and 1st month rent, but be sure everything is spelled out in the lease and you have receipts for all checks.

Best regards,

Ivan Sagel
312.515.7823
ivan@atproperties.com
http://www.atproperties.com/agents/IvanSagel
0 votes
JIM Michaels, Agent, Chicago, IL
Mon Aug 26, 2013
Every landlord will have his or her own policy it is best to look at each individual property.
0 votes
Dirk Gould, Agent, Chicago, IL
Mon Aug 26, 2013
The norm is providing both the first month's rent and the security deposit. Good luck.
0 votes
Santiago Ken…, Agent, Chicago, IL
Mon Aug 26, 2013
You need to give first month rent in and the deposit
0 votes
Matt Laricy, Agent, Chicago, IL
Mon Aug 26, 2013
You give first month and security deposit when renting.
0 votes
Philip Sencer, Agent, Chicago, IL
Mon Aug 26, 2013
Usually you give the deposit and 1st mo rent, but be sure you get receipts for it
0 votes
Jacqueline S…, Agent, Chicago, IL
Sun Aug 25, 2013
Usually to finalize the unit, after the application is finalized, the security deposit AND the first month's rent are due to get the landlord to sign off on the lease. There are always exceptions. The landlord may only require one or the other to sign the lease. Some buildings will have very small deposit requirements. If you are renting a condos, expect to pay 1 month rent and 1 month security deposit.
0 votes
Martin Sanch…, Agent, Chicago, IL
Sun Aug 25, 2013
A potential tenant is asked for the first month rent along with a deposit. The deposit is normally equal to one months rent.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more