Deposits and Utilities Deposits and utilities are factors sometimes overlooked by the first time housing shopper and can put a dent in your budget for the first few months. This deposit plus interest will be returned to you upon completion of the lease agreements. In addition to the rental security deposit, you may be required to pay a deposit on your utility services. These deposits are usually returned with interest after one full year of good credit with the utility company.
Utilities are something to always keep in mind when selecting a living arrangement.
Certain apartment complexes and landlords will include the cost of all utilities in the rent. Some apartment complexes will include charges for gas, water, and trash pickup in the rent and leave electricity and telephone expenses to you. Be sure to clarify these items before signing a lease agreement. These fees combined with rental deposits can add up to a hefty sum and should be calculated into your initial budget. You should consult the apartment complex, realtor, landlord, or utility company about the average cost of utilities for your new home.