Query by J F: Is it legal or illegal to ask for Very first AND Final Month’s rent, plus a security deposit on COMMERCIAL property?
I know the law for RESIDENTIAL leases you Can’t ask/demand a 1st AND Final month’s rent plus security deposit. Even so, in the case of COMMERCIAL rentals, I am unsure. They are two separate laws.
Please advise. Thank you.
Finest answer:
Answer by odzookers
Depends on the state–it is legal for residences where I reside and have lived for 40 years. For commercial properties in some states they can even demand the renter post a bond for a portion of the lease.
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