Today we have a couple of short one minute videos explaining some of the key concepts of your Boston rental market lease.
Before signing a lease it is typical for a new tenant to pay the last month’s rent and security deposit prior to occupancy. In this Rental Market Minute video, Monica Niedermeyer explains what that money is used for and where it goes. She explains that the last month’s rent you pay upon signing the lease goes towards exactly what it states – the last month’s rent (whenever that may be).
She also explains that the security deposit is held as a form of “collateral” for the owner of the property in case any damage is done by you. In many cases, as long as you leave the property in the condition you obtained it in, you will be refunded your deposit.
In this rental market minute, Rachel Lister explains when and why a landlord can enter your apartment.
