A cap does not answer every move-in-cost question
A security-deposit cap may not classify every upfront payment as “security.” Application fees, pet charges, prepaid rent, surety products and other amounts can have different definitions or exceptions. Identify the payment category before applying a numerical cap.
What to compare before paying
- Base monthly rent used for the cap calculation.
- Lease term and tenancy type.
- Whether the payment is refundable security, prepaid rent or a separate fee.
- Pet-related deposit or fee treatment.
- Any statutory exception shown on the state page.
- The exact lease, application and receipt language.