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General Landlording & Rental Properties
HomeForumsGeneral Landlording & Rental PropertiesCollect Move-in Fee, No Sec Deposit Correct?
Ellis Dudley's profile image
Ellis Dudley's profile image
Ellis Dudley
  • Accountant
  • from All States
  • Member since Feb 5, 2018
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Ellis Dudley's profile image
Ellis Dudley's profile image
Ellis Dudley
  • Accountant
  • from All States
  • Member since Feb 5, 2018
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Ellis Dudley
  • Accountant
  • All States
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7
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General Landlording & Rental Properties

Collect Move-in Fee, No Sec Deposit Correct?

Ellis Dudley
  • Accountant
  • All States
Posted Jan 23 2021, 14:55

Hey! quick question for ya. Is it ok for landlords to take a movie-in fee instead of a sec deposit? Have one client who applied this and is under the impression they dont have to collect sec deposit, only move in fee which is non- refundable toward the end of the lease. Is this ok?

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