Can you take a deposit by installments?Make Text Bigger
We have a potential new tenant who can’t afford to pay the whole deposit (of £400) and the first month’s rent (of £400) up front.
She has asked if she can pay the deposit in installments – £100 per month.
If we went down this route, would we protect the deposit at the end of month 4?
We are wondering if it might be better for her to pay the deposit up front and then pay us weekly for the first month or so?
Any advice would be appreciated.
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