Security Deposits, Last Month’s Rent and Move-in Monies
This presentation teaches how to take move-in monies as a landlord in Massachusetts. We discuss the four allowable charges:
- First month's rent
- Last month's rent
- Security deposit
- Locks
Security deposits are one of the primary liabilities for Massachusetts landlords. If you make a paperwork mistake,
you might owe your renter three times the amount of the deposit plus attorney's fees! This presentation shows you how to protect your property with a deposit, and how to protect your business with bulletproof compliance.
We compare and contrast security deposits with last month's rent.
Can you charge a pet deposit? Application fee? Amenity fee? Learn why not.
Attendees will also learn what Massachusetts law requires when taking move-in monies and how to operate with peace of mind.
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