How much should the security deposit be?

November 30, 2011 MyHome by MyHome
How much should the security deposit be?

 

Most landlords will look for one months rent as a deposit.

In more expensive properties or for corporate lets, landlords may request more to reflect the more expensive nature and fit-out of the property.

Remember a month's rent as deposit doesn’t go very far if a tenant damages a property.  Good tenant screening and selection is therefore critical.

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