Rental deposit

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  1. #1
    deleteduser

    Rental deposit

    They say that you require 2 months worth of rent for deposit. Moving into a new place, do you need that, PLUS the first month's rent to get in?

    That's a lot


  2. #2

    Join Date
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    It depends on the landlord, I had to pay 2 months deposits, plus the first month rent, but I have friend who negotiated for one month rent.


  3. #3
    deleteduser

    Thanks for the advice! I think I'll try my hardest to do it your friend's way


  4. #4

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    Talking

    Quote Originally Posted by lowlight:
    Thanks for the advice! I think I'll try my hardest to do it your friend's way
    It's customary to plonk down a two-month deposit and the first month rent when you sign the tenancy agreement.

    However, that's not say that the process is open to some 'negotiation'...

  5. #5

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    Thumbs up

    This is good to know. 3 months rent is quite a lot of money to get together, but I guess it helps to know this well in advance.

    Bernard.


  6. #6

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    Bernard, don't count on it thought. There are usually some very special situations when a landlord has given out a flat at 1 months rent.


  7. #7

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    Bernard, don't count on it thought. There are usually some very special situations when a landlord has given out a flat at 1 months deposit.


  8. #8

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    Got mine at 1-month deposit

    Got mine at 1-month deposit.
    But it sure does help if you have a solicitor talking to the landlord.

    cheers!
    UbeJam


  9. #9

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    Were the 1 month leases done as corporate leases or individual?


  10. #10

    Join Date
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    Cool, thanks KnowItAll, UbeJam, it is nice to know that there may be some flexibility there, will budget for 3 months down payment anyway though...BTW any clues as to what sort of agency fees to expect (if apartment is found via an agency)?

    Thanks,

    Bernard.


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