how much can I ask for a 'security deposit' if the rent is $540? Can I get first and last months rent in advance, plus a security deposit?

Asked by Mary, Florida Sun Jan 9, 2011

Thanks M

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Edyta Gryc, Agent, Naperville, IL
Sun Jan 9, 2011
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Tony gave you a good advice. First, last month's rent and security deposit is quite standard in my area. But more and more tenats cannot afford to pay all 3 up front. So landlords end up accepting only first month's rent and security deposit or all 3 but last month's rent to be paid in few installments until paid in full.
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Tony McMahon, Agent, WHITE PLAINS, MD
Sun Jan 9, 2011
It is not uncommen for the security deposit to be equal to a month's rent, and you can ask for whatever terms you are comfortable with. You may want to check and see what is customary for your area, because asking for to much could certainly hinder your efforts to get it rented.
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