A security deposit, which can often go by the name of a damage deposit, will be a deposit that a potential tenant makes before they rent that apartment. The landlord is going to keep that money on file for however long the tenant lives in the apartment. Once the tenant leaves, the landlord can use that money for any of the substantial damage that the tenant made to the apartment. If there is not a lot of damage, or no damage at all, the landlord will need to return the money to the tenant when they move out.

These security deposits are common when you rent an apartment. They make the tenant take some financial stake in living in that apartment and calling it home. As long as the tenant takes good care of the property, it will all go well and the tenant will be able to get the money back. If they make a lot of damage beyond what is considered normal wear and tear, then the landlord will have that money available to do some of the fixes.

The amount of the security deposit is going to vary depending on the rules where you are located. In some cases, there is a limit on how high the security deposit can be. For most landlords though, the amount that you pay is the same as one month's rent for the apartment. This is not too expensive, but when you think about some of the fees that are charged when you move, it can seem like a lot.

Make sure that you walk through the apartment with the landlord before and after you live there. This will help you to point out what damages were present before you moved in and makes sure that you do not end up with a mess on your hands and losing money because the landlord charges you for something that wasn’t your fault in the first place and was there before.

Living in Los Angeles can be a dream come true for a lot of people. This is a great area to call your own, with a ton to do along the way. If you are looking for apartments for rent in downtown Los Angeles, then it is time to come check out some of our great units and make them your own as well. We have all the amenities, great features, and more to turn these apartments into a place that you are sure to love. No matter what you are looking for in an apartment, we are confident that we can provide it to you. Contact us today to take a tour and to learn more.