Paying 1st month's rent + 2 months security deposit

How common is this? As opposed to 1 month security?

Re: Paying 1st month's rent + 2 months security deposit

This is the norm that I have always encountered when renting a house or an apartment from a landlord. They will usually let you pay the 2 months deposit over time.

ETA: A lot of the time they use 1 of the security deposits as last month's rent when you leave.

Message edited 2/5/2013 1:41:14 PM.

Paying 1st month's rent + 2 months security deposit

Norm

But I have found in my past, after people met me, saw records of my financials and proof of employment, they have waived it and only wanted 1 month rent.

This has happened to me 3 times when renting I think.

I think they got such a good impression and my references always checked out well, that they rather waive it because they said its so difficult to find someone responsible.

Paying 1st month's rent + 2 months security deposit

I've seen it before as 1st and last month's rent + 1 month's security. I've never seen it as 2 months of security.

Re: Paying 1st month's rent + 2 months security deposit

Ok thanks all!

Re: Paying 1st month's rent + 2 months security deposit

I only had to give 1 month (in a complex) but I see rentals that want 2 months security and think thats a bit much, same as a broker fee. It's just a lot of money for people to come up with just to rent.

Re: Paying 1st month's rent + 2 months security deposit

I've only heard of putting 2 month's down if credit is an issue, there are pets or if the tenant does not make a certain amount of $$$/is a student.

Re: Paying 1st month's rent + 2 months security deposit

It's not uncommon.

A lot of times, 2 months security is requested if it's a whole house rental (as opposed to an apartment), and as others have said, it's common in other scenarios (newly renovated apartment, renting to a high risk tenant [e.g., students], renting to tenants with pets].

But like everything else, it's negotiable, and most of the time can be paid in installments rather than all upfront.

Paying 1st month's rent + 2 months security deposit

I have had all different situations.

First last and security
First and security
First and 2 months security

the 2 month security was when the LL thought my credit wan't good enough.

Re: Paying 1st month's rent + 2 months security deposit

I offered 2 months on my current rental to make up for my less then perfect credit score

but in the past I have only ever paid 1 month-