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3 month security deposit

Started by julia
almost 19 years ago
Posts: 2841
Member since: Feb 2007
Discussion about
I'm about to rent an apartment and the landlord is requesting 3 months for a deposit. Is that high or is that standard? The rent is $2900 a month.
Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

3 month deposit? Or first, last + deposit? (that's standard) And, do you have a dog/pet?

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

do they charge for a cat?

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

3 months of deposit is alot... unless you have deficient credit and pets. they usually ask for an extra month for pets. i'm hoping you're getting a 1 or 2 bedroom with 2900/mth.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

I don't have a job right now but will be paying the full term of the lease in cash..but they still want 3 months security deposit. they said it's because at the end of the lease if i refuse to leave it takes them 3 months to remove someone.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

I beleive at the end of the lease you are required to vacate property or landlord could just take over the apt. Don't understand why it would take 3 months to remove someone if the lease has expired.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

eviction process takes time

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

Landlord can not take over apartment at end of lease if tenant refuses to move. They would have to sue in housing court, get a judge to order an eviction. It takes about 6 months.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

although you are required to vacate the property at the end of the lease, if you do not the landlord still has to follow proper eviction proceedings. This actually can take 4--6 months.
What the landlord is asking is not out of the ordinary for the situation.That is not to say that you may not find a more flexible landlord, but what this one is asking is not out of the norm.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

I'm a little confused here you own the apt the lease expires now the owner can not move back into the apt if the tennant who no longer has a lease wants to stay.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

What's confusing? A tenant can only be removed from an apartment of their own will or on a judge's orders. If a tenant will not leave the apartment at the end of a lease, the landlord has to go to housing court to seek an eviction. The landlord can not lock a tenant out or move a tenant's belongings. A landlord can not move himself or another tenant into the apartment.

Once a judge orders an eviction, only a Marshall can force the tenant out of the apartment and change the locks.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

Even though you may think so, having landlord evicting you is not a good idea at all, for the record will be your shadow for yrs to come making it very hard to rent from anyone checking house court records on prospective tenants; unless you can afford and know a good lawyer that can break a deal with landlord.

If you think this is too big a deposit, which I particularly do, you may negotiate with prospective landlord or move on to another ap. At that price there are plenty of great aps to rent in Manhattan. Just look in this webpage

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Response by jk1002
almost 19 years ago
Posts: 8
Member since: Dec 2006

There was an article a while back in the times indicating that it is wat more difficult to find a reasonable place and that landlords requests things like this more often. If you have the casha nd like the place why not.

I needed something for 1 or 2 years so I settled on Archstone Clinton which is no fee no security deposit. Is an expensive place though but I figure for a year or 2 it doesn't matter and it is rent stabilized.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

#12, does this show on a credit check? Or do you have to specifically check court records?

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

I beleive landlords have in the lease that if you are late on payments that they can report you to credit agencies.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

What's standard practice for late fees?

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

what is archstone clinton...

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Response by Kalim
about 7 years ago
Posts: 0
Member since: Oct 2018

I rented an apt I paid first,last,and security i have fallen behind one month. Can the landlord evict me even though he still has security and one month deposit

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Response by 30yrs_RE_20_in_REO
about 7 years ago
Posts: 9877
Member since: Mar 2009

Yes

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Response by Squid
about 7 years ago
Posts: 1399
Member since: Sep 2008

He can but it's a lengthy process. NYC housing court judges are very tenant-friendly. It's unlikely the landlord will start eviction proceedings against you for one month arrears unless there is some other compelling reason he wants you out.

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Response by Squid
about 7 years ago
Posts: 1399
Member since: Sep 2008

That said I'd recommend you get up to date with your payment as quickly as possible to avoid possible action by your landlord or damage to your credit.

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