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average deposit?

kristyrocks
(@kristyrocks)
Posts: 27
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i see that most people want first/last month rent and 'deposit'... how much is a typical deposit? $150 $200 $500?

 
Posted : June 26, 2008 5:51 pm
 CBSR
(@CBSR)
Posts: 50
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It is usually one month's rent

 
Posted : June 26, 2008 6:21 pm
kristyrocks
(@kristyrocks)
Posts: 27
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Topic starter
 

that's a pricey deposit!

thanks 🙂

 
Posted : June 26, 2008 6:24 pm
Marty on STT
(@Marty_on_STT)
Posts: 1779
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But it's the norm...my first place here, back in Jan of '98, was $1,200/month...cost $3,600 to move in!!

 
Posted : June 26, 2008 6:40 pm
kristyrocks
(@kristyrocks)
Posts: 27
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thanks for the info! I'm putting together a realistic budget to move with. I guess I'll up the amount 🙂

 
Posted : June 26, 2008 7:03 pm
 CBSR
(@CBSR)
Posts: 50
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The reason is....WAPA final bill and Water comes out of that (water if you're in a condo that charges) WAPA is .41per Kilowatt (very hefty)

 
Posted : June 26, 2008 7:09 pm
kristyrocks
(@kristyrocks)
Posts: 27
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Topic starter
 

fair enough

 
Posted : June 26, 2008 7:38 pm
(@billd)
Posts: 1085
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Most times it actualy takes the first month, the last month and one month's security deposit. If you have a pet you may be looking at a larger deposit. This is pretty much standard. Whay so high? WAPA bills, water, and people the skip out in the night and don't pay their rent.!!!

If you don't leave the lease early then it just means that you need to have more up front money.

billd

 
Posted : June 27, 2008 11:03 am
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