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how much should a deposit be on a rent house?

May 6th, 2010 by admin
rent house now
I am putting my house up for rent for 700.00 a month. How much should a deposit be and am I suppose to get last months rent up fron also? New to this renting thing. Thanks!

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5 Responses to “how much should a deposit be on a rent house?”

  1. 1daniel_200723

    yea u should get first and last month rent atleast

    Comment on May 8th, 2010 at 4:20 am  
  2. 2Grumple

    Deposit should be $1050 or more. Equals 1.5 months rent

    Comment on May 11th, 2010 at 3:41 pm  
  3. 3jaske

    150% of the rent.

    Comment on May 11th, 2010 at 11:55 pm  
  4. 4Landlord

    You need to look up your states laws. They govern deposits, how much and what you do with them. Also last months rent is a state thing, which is illegal in mine.

    Comment on May 15th, 2010 at 9:59 am  
  5. 5schwildcat1977

    I’m a property manager and all of our deposits are 1.5 times the rent. We do not take last months rent, just 1st and deposit.

    This has worked well for our 70 + properties for several years.

    You can ask for last months rent as well if you want to.

    Comment on May 15th, 2010 at 11:23 am  
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