Lease agreement

Closed Thread
  1. #1

    Lease agreement

    Hi guys,

    Is it normal to pay two months security deposit plus the first months rent in adance?

    Appreciate your help

    Regards

    barbara


  2. #2

    Join Date
    Apr 2003
    Posts
    12,383

    Yes, absolutely normal.


  3. #3

    God that was quick

    Thanks for that just wanted to make sure they Weren’t playing us

    Barbara


  4. #4

    Join Date
    Jul 2005
    Location
    HK Island
    Posts
    426

    KIA, do you know where this money goes while its on deposit?

    Do the owners need to lodge it into a trust account or with the Housing Board, or do they keep it in their normal account? Just wondering how 'safe' my deposit is with the owner?


  5. #5

    Join Date
    Apr 2003
    Posts
    12,383

    saltwater : to be brutally honest, the money is not safe. I've lost money with a previous landlord who went into bankruptcy.


  6. #6

    Join Date
    Jul 2005
    Location
    HK Island
    Posts
    426

    Thanks KIA... bit of a worry there. Maybe the best way to get your deposit back is to just stop paying rent for the last two months and pay them whatever you owe them after you move out?


  7. #7

    Join Date
    May 2005
    Posts
    4,279

    Most of the time tenants want to do this but it is usually worded against their favour. You wouldn't like it if you were a landlord too. Besides the contract stipulates that the deposit must be refunded.


  8. #8

    Join Date
    Oct 2005
    Posts
    327

    We had to pay 1st, and last 2 months + deposit