Landlord Question and Answer Forum

Hello. I am trying to find out at what time I collect the security deposit and 1st months rent. Any advice?
Marcus and Lori S, AZ on Tuesday, April 21, 2009
RE: First renter
Lori , firstof all do you have a lease written , you usually recieve first , last and security at the begining of the tennancy You should maybe hire a lawyer to write up a lease if you do not have one , secondly did you do a background check on your prospective tennants? Is your rental up to code with no violations
Posted by Donald G, MA on Tuesday, April 21, 2009
RE: First renter
Yes, up to code and I am currently running a background check. My question is at what point in this process do I ask them for the security deposit? I told them within 3 days of their application being accepted and the lease is signed. Sound ok?
Posted by Marcus and Lori S, AZ on Tuesday, April 21, 2009
RE: First renter
Hello Lori: The process of asking for a security deposit is your personal choice. BUT from my past experience, I ALWAYS ask before a tenant moves in. I either collect it upon lease approval or at lease signing. This web-site has a great lease. It is very easy to create!!
Posted by Denise S, PA on Wednesday, April 22, 2009
Documents related to this forum

Rent Receipt

Property Management Agreement (for Landlords)

Lease Renewal Agreement

Direct Deposit Billing Authorization

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