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.

 

You'll be ready to take a fully compliant security deposit after this training.

 

Previous Training Events

Slides, Past Video and Training Material

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MassLandlords is a nonprofit dedicated to helping owners rent their property. Presenters are not necessarily vetted by MassLandlords. Although we try to offer the best possible advice, we recommend you consult an attorney or tax accountant before you alter your business processes.

 

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MassLandlords is a nonprofit dedicated to helping owners rent their property. Presenters are not necessarily vetted by MassLandlords. Although we try to offer the best possible advice, we recommend you consult an attorney or tax accountant before you alter your business processes.

This is part of our Statewide Rental Real Estate Networking and Training series.

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