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How much should I ask for a security deposit?  



Some people have said one month, but I hear others saying that do two instead of last month's rent? Which is it?


Every state has its own statutes governing how little or how much you may collect for a security deposit. After learning the guidelines, you could then research your local market conditions to determine what’s a reasonable amount to collect - just play a tenant and call around.

Since you didn’t query a particular state, here’s is a list of each state’s guidelines:

State Laws for Security Deposits

Be sure to pay attention to pet deposits as well since certain states regulate collecting refundable and nonrefundable fees.


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