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Updated over 6 years ago on . Most recent reply

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Janet Huang
  • Investor
  • Salt Lake City, UT
0
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11
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question about deposit charges from leasing agent

Janet Huang
  • Investor
  • Salt Lake City, UT
Posted

I am reviewing my property management agreement with my leasing agent. She will charge me 1/2 of 1 month's rent. In addition, the agreement said that "Agent shall collect and deposit all security and damage deposits from tenants $300 of such deposit shall be deemed non-refundable and will be deducted from the deposit collected and remitted to the Agent".  In another word, she will also charge me $300 from the deposit, and the total charge will be 1/2 rent + $300. Is this a typical from a leasing agent to deduct $300 from the deposit? 

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