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Renting an apartment or any type of residence is relatively simple. You discover a vacant unit, call to arrange a showing, fill out a rental application, sign and write a check for the deposit ...
How much: Rent may be payable monthly, annually, or in advance, or as otherwise agreed. A typical arrangement for tenancy at will is "first and last month's rent" plus a security deposit. The "last month's rent" is rent that has yet to be earned by the landlord. A rental agreement or lease may include a "rent review" clause which makes ...
Many landlords would rent office space to small companies or start-ups. If those companies got into financial trouble, they would fail to make payments on the property but refuse to give up the space, forcing the property owners to go through the process of eviction. [1] This led to the demand, and creation of the Good Guy Clause.
A security deposit is a sum of money held in trust. [1] In leasing, security deposits, also known as "rent deposits", [2] are required most often by lessors of automobiles, residential property, and commercial real estate. [1]
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Almost half -- 44 percent -- of renters ages 18 to 24 and 33 percent of men who responded to the survey cited breaking the lease agreement as the reason they didn't get their security deposits ...
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