Security deposit for small office space?

[Adam Craig]

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 .

[Jade S.]

Yup...we require a deposit equivalent to one month of the rent the tenant will pay during the *last* year of a lease term (unless it’s a one year term only).  The risk has been pretty low for sure, but you never know.