I'm renewing my lease as of early next year. One year, no increase, the following year,a small increase. Question is, what about the security deposit? When is that paid? Now or in one year, when the rent goes up?
The new RTP-8 form reminds landlords of the need to freeze rents the first year, but is silent as to when the increased security (owing to the rent hike in the second year) is due.
Does anyone know?