How much security am I allowed to collect from my tenant?
The amount of security deposit a landlord can collect from a tenant varies depending on local laws and regulations. Here is a general guideline for security deposits in the United States, though it is important to check specific state or local laws: General Guidelines Typical Amount : The most common amount is one month's rent, but some jurisdictions allow up to two months' rent. Other Considerations : Pet Deposits : Some states allow landlords to charge an additional deposit for tenants with pets, often referred to as a pet deposit. Advance Rent : Some jurisdictions allow landlords to collect additional rent upfront, but this is separate from the security deposit. Interest on Deposits : In some states, landlords are required to pay interest on security deposits held for a certain period. Example Regulations California : A landlord can collect up to two months' rent for an unfurnished property and three months' rent for a furnished property. New York : A landlord can