I've done 2 months personally (first and last), but most of my places have done 1 month. 3 is insane.
What has everyone else been seeing?
CA considering bill to limit deposits to 1 month
https://calmatters.org/california-divide/2023/05/california-security-deposit/
3 Comments
sambeastie@lemmy.world · 6 pts · 3y
Everywhere I've lived except my current place has wanted First + Last as a deposit. Current place just wanted one month.
dan@upvote.au · 3 pts · 3y
dan@upvote.au · 3 pts · 3y
The apartment I used to live at only wanted a $500 deposit - rent was around $3300/month. This was an apartment complex owned by a large company (Equity Residential) so honestly it confused me as I thought they'd try to squeeze as much money as possible from tenants. They did that for rent increases - the increases were always the maximum allowed by law (5% + CPI, capped at 10%), down to the cent.
deegeese@sopuli.xyz · 1 pts · 3y
2 months is pretty typical, and 1 is not long enough to cover the cost of an eviction.
If you prevent landlords from taking a deposit big enough to cover the real cost of a bad tenant, they will protect themselves by discriminating against rental applicants.