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Updated over 8 years ago,
Security Deposit Max on Commercial Real Estate
My business partner and I are looking to move our office into a new space in New Hampshire. The monthly rent is $1,200. The landlord is asking for $2,800 as a security deposit.
I own residential property in NH and the law states that a security deposit cannot be more than one months rent (or $100), but I am not sure if that translates to commercial real estate, as well. Does anyone have information on this?
TIA.