Most landlords charge first month’s rent and a security deposit. Some landlords add last month’s rent as well. First month’s rent covers the first month the tenant will live in the rental.
The security deposit covers any damages the tenant might do beyond normal wear and tear. Last month’s rent will cover the last month. Some landlords are concerned that their tenant will not pay the last month they are there and will collect this money upfront.
Since not all landlords collect last month’s rent, it’s a good idea to see what other area landlords are charging. You might wish to rent a place with lower upfront charges.