Landlord Question and Answer Forum
What is the normal cost of a security deposit? What is the normal cost of a deposit for pets?
Anna-Maria R, CA on Thursday, October 1, 2020
RE: security deposits
Security deposit is usually equal to one months rent sometimes two if you are renting to a high risk tenant. I usually like charging a monthly pet fee instead of a deposit I do a$50 fee. If they are there 3 years you get an extra $1800 that you keep. If you do the deposit you give it back to them if there is no damage. With the fee if there is damage you still keep the money from their regular deposit.
Posted by
Scott H, VA
on
Friday, October 9, 2020
RE: security deposits
The average is one month's rent, but some will charge up to three month's rent. it depends, most states have a limit to what can be charged, but some states have no maximum. And for a deposit for pets like @Scott H, you can charge a monthly charge. However, while general security deposits are legal in every state, separate pet deposits are only legal in some states. If you are looking for property-related services visit: https://sgpnow.com/
Posted by
margarita k,
on
Thursday, December 24, 2020
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