What is your standard policy regarding when move-in deposits & first month rent is due?

What is your standard policy regarding when move-in deposits & first month rent is due? I don't want to "hold" a unit without being paid at least the security deposit, but what about the remainder of the balance due?

For example, I'm sending out a lease today that commences 4/15/2022: when would you advise I require security deposit payment, and when should I require rent payment?

Security deposit is paid at time of application to “reserve” the apartment and take it off the market.

Move In fees are usually paid once they are approved. (Separate non-refundable fee).

We prorate rent if they are moving mid-month for example. Resident would then need to pay the prorated rent the day when they pick up their keys. They can log-in and pay via the portal or a check/MO/Cashiers Check.

Upfront we charge the app and admin fee to apply. Once approved we require the deposit to be paid within 7 days. At move in they pay rent/ pro rate, pet fees, etc. This way if they end up cancelling we keep the deposit. The deposit is forfeited after 72 hours.

I make it due within 24 hrs of approval. After that it goes back on the market.

Deposit and rent, or just deposit?

Deposit for sure. Remainder of rent is due before or at time keys are issued. AND if it is the 25th or after, I require the next months rent due by time of move in as well.

Deposit within 24 hours of approval. (non-refundable if they fail to move in) Rent or prorate is due when tenant receives keys.

We have a $300 Hold Fee. This is non-refundable if the applicant changes their mind and doesn't move in. It goes towards their first months rent that is paid when keys are picked up if they continue the process to move in. The security deposit is something separate as that goes to charges for damages, if any, when the resident moves out.

Security deposit is due within 24 hours of signing the lease. If it’s not, the lease is canceled. 1st month’s rent is due at or prior to moving in.

We require a holding fee of $200 up front and remaining deposit + prorated rent at move in. Last 7 days of the month the entire next month rent also.

The hold fee is refundable for up to 72 hours. Becomes refundable security deposit upon move in.

At most of my properties we require 1/3 of SecDep/LMR within 5 days of acceptance, it is credited to their account at move-in and not refundable if they bail.

Sec Dep is paid upon approval and within 24 hours of approval or I don’t hold the unit. The rent is due the day the lease starts. No exceptions or you’ll never get your money.

Security Deposit and prorate rent is due and must be paid on move-in day before handing over keys. Yardi has a proration calculator.

We require deposit to be paid with application fees in order to be taken off the market. Prorated rent is due on move in day.

Due at lease signing. Must MI within 3 days of approval or we move on to next applicant

No lease without a deposit

First $100 at application, balan e of deposit due within 72 hours of approval (even if additional deposit of one month required). three days after that, they must have executed the lease agreement even if they don't move in for 2 months.

Do you routinely execute an agreement that doesn't commence for a few months?

Absolutely they are committed at that point and not likely to cancel. if they do cancel, they are charged a relet fee and no monies are returned - retained as liquidated damages.

I may have one a quarter that will back out

However, if they are leasing from out of town and have never visited the site, if they move in and decide the Floorplan will not work (too small or such) then we let them out of lease with no penalty. maybe one every 6 months.. its a goodwill gesture.

Rent due on or before move in date by electronic money order only.

We have a $300 good faith non refundable deposit due within 48 hours of approval. If they cancel at any time it is forfeited. This will go towards move in fees. Move in fees are due day of move in with certified funds.

No matter what day they move in the first full months rent is due and prorate comes off the second month. Also any move ins after the 24th of the month pays prorate and next month's rent.

In colorado we can't collect any fees besides the app fee or deposits before move in. (This is aacprding to our attorneys)