Tips on Fees and Payments

Up-Front Costs 

At or before your tenancy begins, your landlord can only charge you an amount equal to first month’s rent, last month’s rent, a security deposit (less than or equal to first month’s rent), and the cost to buy and install a new lock and key. Be sure to include these up-front costs in your budget. 

Last Month’s Rent

This amount can’t be more than you paid for your first month’s rent. Your landlord is also required to give you the yearly interest earned on this money. 

Security Deposit

This amount can’t be more than you paid for first month’s rent, and your landlord must give you a receipt when you pay it. Within the next 30 days your landlord must also tell you, in writing, the name of the bank and the account number where your deposit is being kept. 

Finder’s Fee/Broker’s Fee

A rental agent may be able to charge you a “finder’s fee,” but they must give you written notice of the amount to be charged, that they are a licensed real estate agent, and their license number. 

Illegal Fees

Your landlord cannot charge you an application fee, a credit check fee, an initial pet deposit, or a fee for not paying your rent on time unless it is more than 30 days late.

Get Receipts

Be sure to get receipts for all the money you pay, especially if you pay in cash, by bank check, or by money order. 

FREE Legal Services

If you are a student at UMass Amherst and you think you’ve been overcharged, complete an intake form with the Student Legal Services Office to discuss your options!