Landlord Question and Answer Forum
Is it true according to the new laws that as a landlord I am only allowed to collect one month security deposit? If so am I allowed to collect the first and last months rent also?
Darcy R, FL on Sunday, July 30, 2017
RE: Security deposit
Check state/local tenant laws......Keep in mind that last months rent can only be used toward rent. The down side to last month rent is the rent began at $1000/mo and when tenant vacated the rent had increased to $1500/mo, you would only receive $1000. A loss of $500...... Some states allow 2X the rent for security deposit. Check laws.
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