Amanda Stanhaus

Tag: security deposit

Security Deposit

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Want to make sure to hold someone to their word?

Tell ‘em to put their $$ where their mouth is.

For my apartment and I, it was love at first sight. But my landlord was not persuaded by my professed loved and wanted $$. A security deposit to be exact.

A security deposit is the large chunk of $$ I paid my landlord up front. It insures that if I screw up something in my apartment or —god forbid—I don’t pay my rent on time, the landlord has some of my money to pay for the expense.

I paid 3 months up front. One will go towards my first month of rent. Another towards my last month of rent. And the extra month will be held hostage (in an interest-earning bank account) until I leave the apartment in the same condition it was given to me.

I love my new apartment…and I put up the money to prove it! Hope we will have a fabulous year together!

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

Update: Renting Responsibilities

Throwback Thursday: I’m moving this winter and have learned some new qs to ask. Please see below.

Trouble in paradise for Babe, my bestie. Moral of the story she’s moving out—and moving up!

Step one: Apartment hunt. A first for her. Living at home, then dorms, then home, and then her ex-man’s place, it was never necessary for her to be on the prowl, until now!

I like to check out my state/province’s renter’s rights before I embark. Prospective landlords can’t fool me!

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The list of must-ask questions I gave to newbie apartment-huntress, Babe:

Year lease? Month to month?

How much is rent? When is it due? Is paying with check or direct deposit best?

If I want to move out, how much notice does the landlord need? What is the process associated with subletting or lease transfer? What is the security deposit?

Does the apartment come with appliances? Furniture? Air Conditioning? Heat? Washing machine? Doorman? Concierge?

How’s the water pressure? [turn on sink & shower, then flush toilet.]

Do I need to cover my windows in plastic during winter?

Are pets allowed?

Is it possible to change the locks? Who pays to change them?

Who pays for electricity? Heating? Water? Telephone? Internet?

Potential Hypothetical questions (use at own discretion):

If Minnie Mouse becomes my roommate, who pays for her removal?

If my stove only has two settings— super hottttt and off—who pays to fix it?

If I turn into the hulk in my sleep, have a bad dream and punch a hole in my wall, who pays to fix it?

Essentially, who do I call when the (figurative) shit hits the fan?

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

Security Deposit

“I’m serious.” Gave one of these to my lender to prove I meant it.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)