Tacoma Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
Contractor deposit ??
How much of a deposit/percentage is "customary" to give a contractor to rehab a house?
Or do you not give deposits at all? I have a Scope of Work, a Contractor Agreement with spelled out draws and project end date with per diem penalties.. just not sure if a deposit if necessary??
I know states like California have a law that it's $1000 or 10% whichever is less.