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What Happens With Prepayment Of Last Month's Rent

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  • 03-29-2007, 11:24 AM
    VirginiaAF
    What Happens With Prepayment Of Last Month's Rent
    I've seen apartments for rent and they are requiring 1st and last month's rent plus a certain amount security.

    So if you decide to take the apartment and a few years later you leave, they only give you the security back? What happens to the last month's rent you gave them?
  • 03-29-2007, 11:55 AM
    CaliforniaMom
    Re: Can someone explain something to me.
    The last month's rent is used just for that...the last month that you intend on residing in the property. The security is used for damages on the property and should they not have to repair anything that goes beyond normal wear and tear, you get the security back.
  • 03-29-2007, 08:53 PM
    VirginiaAF
    Re: What Happens With Prepayment Of Last Month's Rent
    Thank you! That is the first time I've seen that, now I know. :D
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