I LIVE IN GA. DOES ANYONE KNOW IF THERE IS A LAW THAT SAYS HOW MUCH SECURITY DEPOSIT I AM ABLE TO GET FROM A TENANT? THANKS!
Easy with the caps lock Goosen.
There is a law in every state I am aware of dictating the maximum security deposit you can collect. It will also say how much interest you have to return, what type of account you can hold it in, how soon you’ll have to pay it back and most importantly; how many times you’ll have to multiply it if you don’t follow the law.
Just a matter of time before someone from GA fills in the specifics…
Give goosen2 a break he may be hard of hearing.
goosen2 WHAT YOU CAN DO IF YOU THINK YOU NEED MORE SECUTITY DEPOSIT THAN THAT EQUAL TO ONE MONTH’S RENT, YOU CAN ASK THEM FOR THE SECURITY DEPOSIT AND ALSO THE LAST 1 OR 2 MONTH’S RENT IN ADVANCE.