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Do Military Personnel pay Security Deposits?

I was speaking today to a military client of mine who is looking for a rental.  He indicated that he had heard that military personnel did not have to pay a security deposit on a rental.  I had not heard that and I even have a military family renting my personal home and they paid a deposit. 

However, I was wondering if anyone had more experience with this and could give me the correct information.  Is there something that allows military personnel to pay either no security deposit or a lower security deposit on a rental?

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Century 21 New Millennium

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Comment balloon 10 commentsDr. Stacey-Ann Baugh • January 22 2009 07:06PM

Comments

Question--However, I was wondering if anyone had more experience with this and could give me the correct information.  Is there something that allows military personnel to pay either no security deposit or a lower security deposit on a rental?

 

Answer--No.

Posted by Sacramento Grapevine (SacramentoGrapevine) over 9 years ago

Stacey, military personnel in our area pay a security deposit.  They can break a lease early with PCS orders, but that would probably be the only difference.

Posted by Tim and Pam Cash, Real Estate Professionals - Clarksville TN (Crye-Leike (Sango)) over 9 years ago

I have never had a military renter not pay a security deposit and I work with a lot!  What would make them exempt?  All military member should make sure that their lease containts a military transfer clause so should they get orders out of the area that they are protected. 

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 9 years ago

Some landlords offer discounts to military members.  There is often a clause in the lease that gives them an out if they have to deploy or are given orders to move.  The military has their own network of attorneys and I would advise them to have an attorney review any lease before they sign.  The landlord should definitely be made aware that your client is a military member.  I grew up in the military and was married to a military man for 18 years.  I also have 2 sons in the marine corps and know that they have both had to break a lease due to deployment.  I hope this helps.

Posted by Laura Kombrink (RE/MAX Alliance) over 9 years ago

I have not heard of military personnel not paying a deposit either. Ask your client to show written proof of this very strange exception.

Posted by Ellie McIntire, Luxury service in Howard County & Catonsville (Ellicott City Clarksville Howard County Maryland Real Estate) over 9 years ago

Certainly no law about it, although landlords may choose to do so out of patriotism.

Posted by Tim Bradley, Commercial Real Estate Expert in Jackson Hole, WY (Contour Investment Properties) over 9 years ago

I had never heard this.... hummm....

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Posted by Charles McDonald, REALTOR®, Blogger, Principal Broker®, Owner (Charlottesville Real Estate Solutions) over 9 years ago

I think someone is telling you a story.  Security has nothing to do with the type of tenant it is to protect the landlord's property.

Posted by Paddy (Patricia) Pizappi, Real Estate Associate Broker Hudson Valley NY (Better Homes and Gardens Rand Realty) over 9 years ago

I have heard about early termination for military transfer, but not any exemption for security deposit. I have had several military rental clients and they have always paid a security deposit.

Posted by Rich Mielke, REALTOR, Frederick Maryland Real Estate (REMAX Results, Frederick MD) over 9 years ago

Thanks all, I appreciate your help.

Posted by Dr. Stacey-Ann Baugh, A doctor who makes house calls. (Century 21 New Millennium) over 9 years ago

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