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State Landlord-Tenant Law
When to collect the security Deposit
S
Shailendra D
started a topic
almost 9 years ago
Hi, I have a question related to the timeline as when to collect the security deposit. My tenants are moving in after 2 weeks, but signing the lease now. Can I collect the security deposit now, 2 weeks in advance since we are signing a contract? Or if there is a law which states the timeline. Thanks, Shai
1 Comment
B
Bill F
said
almost 9 years ago
Hello, At the signing is the most common time to receive the security deposit. Some landlords will collect the security deposit, first months rent and last months rent at the signing of the lease. All depends on the landlord. Good luck!
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