Just little confused about first month and last month rent for apartment?
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Hello, I am moving out to a 1bedroom condos for $1300 a month. Landlord is asking for $1300 deposit. So I thought my total moving cost was going to be $2600. But now his saying that I need to to pay $3900 to move in which includes first and last month rent and the deposit. I am so confused. Where I use to rent, (apartment complex) I only had to pay first month and the deposit for move in. Does private landlords or rental agents always make you pay first and last month??
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Answer:
Not all landlords ask you to pay first and last month's rent, but some will. If you have signed the lease, you've already agreed to the terms so you will have to pay it. If you haven't yet signed the lease, then you can still get out of it but you will probably lose your deposit if you've already paid it.
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They can ask for anything they want. But that sounds really steep, first, last and deposit. If you are in a student area, I could see them needing more insurance that you will pay and not trash the place but if you are paying 1300 a month, I doubt it is a student area. I've always only been asked to pay first and a security deposit that was less than a month's rent.
the landlord can do whatever they want.
I suppose they can. I just ask for the security deposit, non refundable deposits like pet and cleaning deposits, and first months rent. I always make sure the security deposit is the same as the rent. It's probably overall for the landlord's protection, because if you skip out on your lease, or have to be evicted, he doesn't have to give you back a dime.
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