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bucks

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Posts: 1
Reply with quote  #1 
What would a "normal" security deposit requirement be for a year agreement on a condo rental in a popular metro area, all wood floors, a tad over 1,000 sq ft and worth about $450k?  The max allowed in my state is 2 months.  Thanks for any comments!
OHlandlord

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Posts: 3,812
Reply with quote  #2 
The average amount of security is something close to one month's rent.  More for extra occupants, water beds, furnished rentals, applicants with poor credit, or pets.  Possibly less for someone with stellar credit or few occupants.

You may want to see what others in your area are charging.  (What is the custom in your area?)
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