This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Montana Application to Lease an Apartment with Payment of First Month's Rent as Deposit
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US-02428BG
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How to fill out Application To Lease An Apartment With Payment Of First Month's Rent As Deposit?
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FAQ
You'II usually have to pay your first month's rent in advance and a tenancy deposit. If you rent from a letting agent they'll usually ask you to pay a holding deposit. Ask about all payments before taking a property so you don't have to deal with any unexpected costs.
The total of tenancy deposit deductions can not be higher than the deposit itself. If the arrears and the damages / excessive wear exceeds the total of the deposit amount, the landlord is advised to open a litigation process.
Amount The California Civil Code establishes the maximum amount that landlords can charge tenants as a security deposit. For a non-furnished residence, a landlord cannot charge more than twice the rent, plus the first month's rent, as a deposit.
Security Deposits in MontanaYou may not use your security deposit to cover your last month's rent unless your landlord agrees. According to Montana lease and rental agreement laws, there is no limit on the amount you can be charged for a security deposit.
You can still be charged for: the rent. a refundable tenancy deposit capped at no more than five weeks' rent. a refundable holding deposit (to reserve a property) capped at no more than one week's rent.
Before the tenancy starts, your agent will normally collect the deposit and the first rent payment on your behalf. As soon as this money clears, the signed tenancy agreement has been received from both the landlord and the tenant, have been executed and all other paperwork completed, then the tenant can move in.
Security Deposits in MontanaYou may not use your security deposit to cover your last month's rent unless your landlord agrees. According to Montana lease and rental agreement laws, there is no limit on the amount you can be charged for a security deposit.
I spoke with the NRLA helpline today and was advised that before signing any Tenancy Agreement, I should always get the Full Deposit and one months rent, and told the Holding Deposit Agreement also states this that initial payment is due subject to the landlord agreeing to proceed.
When the Landlord Can Enter Your Rental The landlord may only enter for valid purposes, including repairs, inspection or alterations to the property. The landlord may not abuse the right of access or use it to harass the tenant. The tenant may not unreasonably withhold consent to enter.
Yes. A landlord can ask for extra money to cover the cost of damages greater than the security deposit. Landlords may need to take legal action to recover extra money.