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Updated about 3 years ago,

User Stats

603
Posts
130
Votes
Adam Craig
  • Investor
  • Cleveland, OH
130
Votes |
603
Posts

Security deposit for small office space?

Adam Craig
  • Investor
  • Cleveland, OH
Posted

Do you require full security deposit for small office space?

We have about 8000 sq ft of office divided into 6 units with units ranging from 700 sq/ft to 2000 sq/ft.

The space we have is completely remodeled and move in ready. Is it necessary to require security deposit equal to 1 month rent for office? I can see how it makes sense on our residential properties but I am wondering about reducing it on the idea that not much damage other then some paint touch ups .

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