Rental deposit advice

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borneng: Newbie; Posts: 17; Joined: Thu, 03 Aug 2006 7:53 pm

Rental deposit advice

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Post by borneng » Mon, 27 Aug 2007 3:01 pm

Is it a common practice that the landlord require 3 months deposit for 2 years lease? The property is 3 bedroom fully furnished at $4.8K. We have always been under the impression that deposit is 2 months for 2 years lease and 1 month for 1 year lease. Basically we now have to pay total of 4 months rental fee

to close the deal. It's a surprise for us and we feel a little hesitant about this. Any advice would be greatly appreciated.

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borneng: Newbie; Posts: 17; Joined: Thu, 03 Aug 2006 7:53 pm

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Post by borneng » Mon, 27 Aug 2007 4:29 pm

Problem solved as the landlord now agreed to 2 months deposit as opposed to 3.

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