Below is some detailed information on what to do regarding security deposits, and apartment holding deposits.
Below are some common Sense Renting Tips
Holding Deposits & Pre-Payments:
1. If possible, you or someone you know should view the
property.
2. If you cannot meet the landlord, have a phone
conversation.
3. Never send money based only on email
communication.
4. A recommended holding deposit is 20% of a
months rent.
5. If you are wiring money, only wire from
bank to bank.
6. Do NOT use wire services such as Western
Union or Moneygram.
7. Do not send money to a country
different than the country of the rental.
8. Get a signed
rental agreement.
9. Get a copy of the landlords ID
Security Deposits:
1. A security deposit is not more than 2x the
rent.
2. Have your landlord inspect the premises before you
leave.
3. Deposits should be returned 30 days after the
lease expires
If you have any questions regarding what do about giving a security deposit
please contact us by clicking the contact us
link at the top of the page. If you require rental contract please click the link below
