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.
Washington 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
Under Washington law, a landlord must return the tenant's security deposit within 21 days after the tenant has moved out.
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.
Your Landlord is legally obligated to return your deposit within 10 days of you both agreeing how much you'll get back (after the tenancy has ended, of course). Objectively speaking, he doesn't have a legal leg to stand on- so it's in his best interest to make sure he returns the deposit.
A holding deposit is a sum of money that buyers pay to a vendor, as part of an offer to buy. It's usually 0.25 per cent of the purchase price, but is negotiable. It happens before any paperwork is signed and signifies how serious a buyer is about purchasing a property.
Landlords in Washington state are allowed to charge first and last months rent, as well as a security deposit, upon move-in. New tenants should familiarize themselves with Washington's security deposit and rental fee laws, and request a receipt for any deposits, prior to signing a lease.
For example, if a carpet is worn after months or years of normal walking, but there are no damages to it, it is just normal wear and tear. If the tenant spills something and stains the carpet, this can be considered damage.
RCW 59.18. 285 says that fees must be specifically designated as non-refundable and cannot be considered deposits. Under the law, deposits are by nature refundable.
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.
If you are paying a damage deposit, then the deposit is normally refundable if you return the property without causing any damage. It would also be returnable if you never took up the rental of the property.
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.