Category Lease agreement

Need of security deposit at rental apartments

Many a times when you sign a lease agreement for a rental apartment you have to deposit a handsome amount to the landlord. You give that amount to landlord as security deposit for the apartment. Almost all kinds of tenants in different states have to pay this amount to the landlords. The amount may vary from place to place or apartment to apartment but the overall reasons behind such kind of deposit remain the same. However, some lenient kinds of landlords ignore the deposit fee to some good kind of tenants but this happens rarely. Majority of tenants have to fulfill this deposit fee before renting any apartment by hook or by crook.

This deposit fee is considered to be a kind of security fee that is paid to landlord by the tenant...

Read More