2020-11-24 What you need to know about rental Bonds
How much is the
bond?
The bond amount must be specified in the
lease agreement and the maximum amount of the bond can vary from state to
state, though it is typically equivalent to four weeks’ rent.
The amount of the bond will sometimes
be determined by the weekly rent, or may vary depending on the type of property
being rented or the type of lease.
In some jurisdictions, landlords can
request additional bonds such as for pets or if the property is furnished.
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Jason Gwerder
Tuesday, 24 November 2020
