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Can a landlord ask for first and last months rent?

April 26, 2017landlord last month rent

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Can a landlord ask for first and last months rent?

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YES. The last month’s rent acts as a deposit. This money is held as payment for last month’s rent and not as security against things being broken or damaged. The landlord is required by law to pay you a small percentage of interest once a year on your rent deposit. This amount fluctuates yearly but is 2.6% in 2007. In many cases, you will have to ask for the interest earned.