Tenant offering to pay 6 months rent up front

Tenant offering to pay 6 months rent up front

12:03 PM, 10th January 2014, About 8 years ago 68

Text Size

We have just recently bought a property and are renting it through a letting agent.

They have possibly found us a tenant 🙂

She is currently renting in the area and wants to downsize but she wants to pay 6 months rent in advance.

My feelings are that this is not a good idea.

My husband can’t see a problem, but I am a bit dubious.  Tenant offering to pay 6 months rent up front

Can anybody help me overcome my fears on this?

Many thanks

Sue



Comments

by Stefani Johnson

15:37 PM, 5th January 2015, About 7 years ago

I live in Harborne, and have had the agency call today. They have a lady (70yrs old and retired) wanting to pay 6months upfront, and 2months deposit.
Ive said NO straight away sound far too wrong and my gut feeling is telling me the obvious - Why would you want to rent your property to lady who had no income (maybe a small pension)
Finally, its a 4 bed Detached in Harborne Birmingham - The most sought after area in Birmingham. One retired lady in their its far too BIG for her - Smells like the case of the Pasty and the Stooge or a swindle, con, fraud, scam, deception, drug racket.... You get the picture

by Gary Nock

17:04 PM, 5th January 2015, About 7 years ago

I had a similar enquiry the other day for a property in Dudley. Single lady on DSS who wants to pay 6 months up front. Do I look that stupid. Asked about referencing. No point she said. Never worked. Always lived with mom and dad. Never had a mobile phone or a loan so no credit history. If it looks like a scam.....and it walks like a scam....it is....a scam.....

by Ian Ringrose

19:00 PM, 5th January 2015, About 7 years ago

Does mom and dad own their own home, if so you know what to ask for.

by Gary Nock

20:38 PM, 5th January 2015, About 7 years ago

Have a guess Ian......council house mate....so no guarantor......

by Ian Ringrose

21:46 PM, 5th January 2015, About 7 years ago

If she is on LHA and iff it is above the going rate for the area then I would just ask for a deposit of 4 months rent, rather then 6 months in advance.

All the benefits of renting to a LHA tenant with less of the risks, but only if the LHA rate works for the given property.

by Jhieko Clemsans

7:41 AM, 6th January 2015, About 7 years ago

Great sharing. Well, Why Landlords should think twice before accepting advanced rent? I suggest you read propertyinvestmentproject blog 🙂

by Laura Howard

6:08 AM, 8th January 2015, About 7 years ago

Did you get the tenant screening done? Please make sure you get it done before you land into any trouble. My letting agency Cloud Real Estate had been very careful at the time of searching tenants and always sreened them thoroughly.

by Khrystalyn Washington

3:17 AM, 8th April 2017, About 5 years ago

I am looking to do this , my grandmother passed away my mom broker her foot I got depressed we lost the bulk of our income From grandmother's stocks my aunt stole it all we moved into a bad rental situation after having no choice but to leave our home of 10 years we are now able to get an advance and that's what we plan to do with it a full 6 month lease ( our case should close soon

1 2 3 4 5 6 7

Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?

BECOME A MEMBER