Can I use my deposit as my last month’s rent?

In most of the cases, the answer to this question is no. In maximum number of cases, the management companies would require the payment for the last month. The management would also conduct a thorough check of the place that you have vacated.

This also ensures that all the damages that you might have caused unknowingly to the same would appear before the eyes of the company. In that extreme case, you will be required to pay for the damages that have been incurred.

In that case the amount that you have incurred for the damage shall be deducted from the whole amount. But if in any case you can prove that all the lost things are found, then you may escape from paying the tax.

Although some people consider that using the deposit as the last month’s rent is an illegal act and you may be caught in a forgery case. Moreover, if your landlord has behaved properly with you and have made your stay a comfortable experience, then it would be morally unethical to use your deposit as the last month’s rent.

All said and done, the concept of paying the last month’s deposit is becoming popular day by day.