Frequently Asked Questions

FAQ

Which of the following is a typical cost associated with renting?

Final answer: A typical cost associated with renting is the security deposit.

Can you refund a deposit?

Deposits are considered refundable unless they were designated as non-refundable - in writing - at the time the landlord took the deposit from the tenant.

Is Seattle cheaper to live?

The cost of living and your budget are the most important things to know before moving to Seattle. In fact, the cost of living in Seattle is about 54% higher than the national average, which will impact your budget.

Is 150k enough to live in Seattle?

Anything under 70,000 is considered low income here, so that's livable but not wonderful. Yes, you should do fine with 150k in seattle. You need 120k to live comfortably in Bay Area and Seattle is cheaper that SF.

How much are most deposits for apartments?

Most landlords require tenants to pay a security deposit A security deposit is money, usually 1 to 2 month's rent, that a landlord holds in case the tenant causes any damage to the rental unit or breaks the lease and doesn't pay rent.

How much should I save for my first apartment?

Now, the big question: How much money do I actually need to set aside for an apartment? Based on the above categories, you should save an amount equal to at least 3-4 months' rent. That will cover paying rent for the first month, security deposits and last month's rent.

Where to rent a house in seattle

What is a normal security deposit in Texas?	A reasonable amount for a Texas security deposit could be two times the amount of rent. So, if the monthly rent is $1,000, you could require your tenant pay $2,000 as security deposit.
What is a good deposit to have?	Ten per cent is a good benchmark and the higher your deposit gets, the more mortgages you'll be accepted for. The more you're able to put down upfront, the less you'll need to repay with interest.
How much is security deposit NYC?	One month's rent The amount of a security deposit for rent regulated apartments can be no more than one month's rent. The security deposit must be kept by the owner in an interest bearing account in a NYS bank. For further details, see HCR Fact Sheet #9: Renting an Apartment – Security Deposits and Other Charges.
What is the purpose of a deposit?	A deposit is a sum of money that is held in an account. It may be secured in a bank for safekeeping or to secure goods for renting or purchase. Many different kinds of business transactions involve the use of a deposit. During daily operations, your business may pay regular deposits and receive deposits from customers.
How do I get my security deposit back in NYC?	Within fourteen days after the tenant has vacated the premises, the landlord shall provide the tenant with an itemized statement indicating the basis for the amount of the deposit retained, if any, and shall return any remaining portion of the deposit to the tenant.
Do you get your deposit back?	If you paid a deposit at the start of your tenancy, you have the right to get it back at the end. Your landlord or letting agent can only take money off if there's a good reason - for example if you've damaged the property.

• How much do i need for a security deposit to rent apartment
  • Nov 6, 2020 — On average, the cost of a security deposit is equal to one month's rent, but landlords often charge up to three months' rent. If other rentals 
• How much deposit do you need for an apartment?
  • How much deposit do I need to buy a house or apartment? The lowest deposit most lenders will consider is 5% of the sale price, although many will require significantly more; more around the 10% - 20% mark.
• How much should I save before moving into an apartment?
  • Now, the big question: How much money do I actually need to set aside for an apartment? Based on the above categories, you should save an amount equal to at least 3-4 months' rent. That will cover paying rent for the first month, security deposits and last month's rent.
• What is the average security deposit in Los Angeles?
  • In Los Angeles, where the average median rent is $2,895, a security deposit can cost nearly $9,000. In San Francisco, where the median rent is $3,495, security deposits can cost more than $10,000.
• How much of a deposit do I really need?
  • Ideally, you should save as much as possible before buying a home. The minimum required deposit is 10%, but aim for 20% if possible. If you're borrowing more than 80%1 of the property value, you'll need to take out Lenders' Mortgage Insurance or Low Deposit Premium.