When a potential tenant finds a property they want to rent, the lessor or the lessor's agents often ask for a holding deposit. This deposit is like in
The rent is the money paid by the tenant to the landlord for the use of the property. A lessor will generally demand a tenant to pay rent in advance. The kind of agreement that a party has determines how much rent in advance. If the arrangement is a periodic one, a lessor cannot ask for more than two weeks rent in advance.
What is rent?