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Updated over 6 years ago,

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5
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Angelo R.
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5
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Higher security deposit for more tenants

Angelo R.
Posted

Standard practice seems to be a fixed deposit amount per unit, regardless of the number of tenants. While there are other factors and exceptions, more people generally can cause more damage than fewer people. 

I always see landlords asking for additional “pet deposits,” operating under the notion that pets are potentially more destructive than people  

Applying that logic to a $1000/month rental unit that can accommodate 4 people, would it make sense to set the security deposit to $1000 for 1-2 people, and $2000 for 3-4 people?

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