Landlord Question and Answer Forum

Forum / Tenant Screening/Advertising / Security Deposit for tenant with low credit scores
Can I request a larger securit deposit for my rental home if my potential tenant has a poor credit score and has limited job tenure?
Lori B, NC on Thursday, June 27, 2019
RE: Security Deposit for tenant with low credit scores
Of course
Posted by Matthew M, IL on Monday, August 5, 2019
RE: Security Deposit for tenant with low credit scores
you can but check the law. In NC the largest amt of a security deposit you can require is 2x the rent, I believe.
Posted by amber p, MO on Friday, September 27, 2019
RE: Security Deposit for tenant with low credit scores
Yes, you can ask for a higher security deposit to the tenant with a low credit score. If the tenant damages the property and refuses to repair, you can keep a part of the security deposit. Also, if the tenant skips a monthly rent or terminates the lease without prior notice, the landlord can hold the security deposit to prepare for tenant turnover. But check all the landlord-tenant laws in your state before asking for higher security deposit.
Posted by Tommy r, NY on Wednesday, October 2, 2019
RE: Security Deposit for tenant with low credit scores
There are state tenant/landlord laws you have to follow period and are very strict if you violate them. In my experience, you can only charge 1.5-2 x the rent for the "Security Deposit" that does not include Pet deposits, Cleaning fees or Credit report fee.
Posted by Darlene D, AZ on Tuesday, November 12, 2019
Documents related to this forum

Free Rental Application (Handwrite-In)

Rental History Inquiry

Employment Verification

Rental Application Approval

Highest Rated Discussions
Author: Sheldon J, NC
Updated: 04/03/2019
Rating: Star0Star1Star2Star3Star4
Author: PASunrise P, NJ
Updated: 04/03/2019
Rating: Star0Star1Star2Star3Star4
Author: Sonja S, PA
Updated: 04/03/2019
Rating: Star0Star1Star2Star3Star4
Author: Michelle & Doug K, CO
Updated: 04/03/2019
Rating: Star0Star1Star2Star3Star4
Author: Cora A, CA
Updated: 08/21/2017
Rating: Star0Star1Star2Star3Star4

The forum is completely free to anyone! If you wish to post a message, you must log in. If you are not registered already, Join today to create a free account!

Any comments and opinions that are expressed by the users of this forum are solely those of the authors, and have not been reviewed or approved by ezLandlordForms.

Satisfaction
Guaranteed

Money Back Guaranteed
Trusted by Over
300,000 Property
Managers, Realtors,
Attorneys, and Landlords
since 2006!
More Info
The ezLandlordForms team gives advice to first-time landlords on Designing Spaces!

Buzz About ezLandlordForms

Craigslist Logo  says:
"one stop shop for leases and forms"
— Christina Murphy, Founding Board Member
Fox Business Logo CBS Radio Logo msnbc Logo The Wall Street Journal - WSJ - Logo CNN Money Logo
Call us: 1-877-367-6771

We are available 7 days a week to answer your questions and to receive your feedback.

Carbon Free - CarbonFund.org website security ezLandlordForms, LLC BBB Business Review
ezLandlordForms products and services are reviewed and approved by attorneys, accountants, fellow landlords, or industry experts.
ezLandlordForms is not a law firm and our products and services are not a substitute for the advice of an attorney.
Copyright © 2006-2020, ezLandlordForms LLC. All Rights Reserved. | Privacy Policy | Terms & Conditions | ezLandlordForms Affiliate Program
Version: 1.378.0