I don't think its uncommon. It lowers the cost of having to deal with a renter that bounces out of there due to inability to pay. Any barrier to entry lowers the amount of "undesirables" (the poor) that the landlord has to deal with, while having less of an effect on how long it takes to fill the room than raising the rent would. Getting the guaranteed second month of rent, possibly a cancellation fee, and having a renter less likely to leave suddenly means less time/money spent filling an empty room.
If a renter can afford the upfront costs, it's not necessarily a problem for them at all. They were going to pay for that last month eventually, and they will get some or all of the security deposit back.
(Score: 2) by takyon on Wednesday June 08 2016, @11:52AM
I don't think its uncommon. It lowers the cost of having to deal with a renter that bounces out of there due to inability to pay. Any barrier to entry lowers the amount of "undesirables" (the poor) that the landlord has to deal with, while having less of an effect on how long it takes to fill the room than raising the rent would. Getting the guaranteed second month of rent, possibly a cancellation fee, and having a renter less likely to leave suddenly means less time/money spent filling an empty room.
If a renter can afford the upfront costs, it's not necessarily a problem for them at all. They were going to pay for that last month eventually, and they will get some or all of the security deposit back.