Security Deposit due at signing : ezLandlordForms

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Security Deposit due at signing

Steven L

started a topic almost 8 years ago

I rent to college students, they sign the lease about 6 months in advance. I collect the security deposit at the time they sign the lease. Now I am accepting applications for the new school year. A group of students would like to sign the lease but they won't have the security deposit until the lease starts. Which is 6 months down the road. Should I let them sign, or should I just find another party that has the security deposit available.

1 Comment

Richard W

said almost 8 years ago

Find another party that has the money and is ready to go, this is a business and should be treated as such. If you start out lenient you may be taken advantage of later on. Good Luck!