Do you have to put money down on a house or can u just pay first months rent and a deposit ?

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October 04 2010 - Henderson
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Answers (3)

It may differ from one area to another and landlords are all different, but I can tell you that in this market I am requiring first month's rent/last month's rent AND a security deposit of at least $500 on all of my properties.

There are no 'across-the-board' standards for rentals, only local standards which vary from one market to another.
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October 05 2010
Profile picture for wetdawgs
If you are renting, usually first month, last month and a damage/cleaning deposit are required.
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October 04 2010
Profile picture for MikeEmery
You can put down first months rent, last months rent and a damage deposit IF you are renting a property.

If you are buying, you aren't paying rent. And you will need (in most cases) a down payment as well as closing costs on hand before buying.
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October 04 2010
 

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