Prompt rental payment discount?Make Text Bigger
Does anyone use prompt rental payment discounts? In light of no longer being able to charge for late rental payments, could a landlord advertise a property at a slightly higher rate than the property would be advertised for normally, but offer the tenant a discount for each month the rent is paid on time?
For example, I have a room which I am going to rent out for £350 pcm, however, I had the idea of creating a tenancy agreement for the sum of £375 pcm but making it clear to the tenant that if they pay rent on time, they will only have to pay £350.
Can anyone think of a legal problem with this?
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