Upon completion of this unit, you will be able to:
- Understand the short and long term risks that go into a landlord’s determination of the amount of security deposit and type of guaranty to require of its tenant.
- Advise your client, whether it be the landlord or tenant, the concerns they should have when negotiating the amount of security deposit and type of guaranty, and ways to counteract the other party’s demands.
- Negotiate the amount of security deposit and type of guaranty within the letter of intent and during the lease negotiation.
- Identify the ways landlords try to minimize their short and long term risks with security deposits and guarantees, and the pitfalls for tenants to look out for.
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