Is it common to require first and last month's rent for new tenants?

[Pete Schiebel]

Hello, newbie landlord question here: Is it common to require first month's rent, last month's rent, and a security deposit for new tenants? I'm aware that Florida doesn't have hard limits on what is required up front, but I'm curious what others do. I'd consider our building a Class B. I mention that because I realize that requiring that much up front my limit my tenant pool.