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Tenant Security Deposits, The Do’s & Don’ts.

Anne Arundel Maryland Property Management Company. Best rates

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The subject of tenant security deposits is a pretty dry subject but it's also an important topic. The first question you might have about deposits is how much should you collect. Typically, the standard security deposit is the equivalent of one month's rent. The state of Maryland does allow landlords to collect up to the equivalent of two months of rent if you feel it's necessary.<BR><BR>Next, you might wonder when you should collect the security deposit. You should collect the deposit as soon as the lease is signed. Most landlords think the lease is there to protect you at the end of the tenancy, and that's true. However, it also protects you at the beginning. If your tenant signs a lease but...