Security Deposits, Last Month’s Rent and Move-in Monies
This presentation will teach how to take move-in monies as a landlord in Massachusetts. We will 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! But we'll show you how to protect your property with a deposit, and how to protect your business with bulletproof compliance.
We will compare and contrast security deposits with last month's rent.
Can you charge a pet deposit? Application fee? Amenity fee? Attend and ask why not.
Attendees will leave knowing what Massachusetts law requires when taking move-in monies and how to operate with peace of mind.
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MassLandlords offers attendees of directly managed events a "No Sales Pitch" guarantee. If a guest speaker offers services, their presentation will not discuss pricing, promotions, or reasons why you should hire them. We do not permit speakers to pay for or sponsor events. Guest speakers are chosen for their expertise and willingness to present helpful educational content. Your purchase of an event ticket sustains our nonprofit model.
Training Options
This Course may given in-person or virtually and at various times. Make sure the time and venue you pick matches your schedule. It's the same curriculum whichever option you choose.
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