Advice Topics
- Buying (153)
- Selling (179)
- Renting (38)
- Market News & Trends (11)
- Finance & Legal Info (79)
- Tips & Advice (85)
- Working With an Agent (51)
- Marketing (4)
- Investing (16)
- Affordable Housing (13)
- Green Housing (2)
- Schools (1)
- Remodeling (29)
- International Real Estate (8)
- Terms & Definitions (23)
- Home Loans (10)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
Is a double rent security deposit reasonable?
I have found a place for my growing business and they have given me a lease offer. I want to protect my business and make sure that I am not being messed over. Is double rent security deposit plus 1st month rent for a 5 year lease reasonable? I dont want to low ball on the counter offer but I want something that works for me.
Asked By Brittnay N. | Copperas Cove, TX | 493 views | Renting | 3 years ago
Answer(1)
Adam Zagel
John L Scott Real Estate
Two things to consider, if you are a growing business where will you be in 5 years. Will you have outgrown the location you are looking at? Second is the lease personally guaranteeing you will pay the lease if you default before the lease is up? The double rent security deposit might be used instead of the personal guarantee.
- 3 years ago
Helpful (1)
Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
Related Questions
-
First time buyer or rent to own?
I am homeless due to rental assistance expiring I need a home now
- Asked by Gina T.
- Lindale, TX
- 591 views
- Renting
- 3 years ago
-
Do I need to talk with a real estate agent or to an investment property person?
I want to sell a house that currently has good tenants. I want to sell it but with the stipulation that the tenants will remain until Dec 2023. Do I need to talk with a real estate agent or to an investment property person?
- Asked by Adele A.
- Columbia, SC
- 559 views
- Renting
- 3 years ago