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Updated about 3 years ago on . Most recent reply

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Reya Ripet
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Paying the rent a year up-front?

Reya Ripet
Posted

Hi all.

I remember reading on here that's a red-flag , potentially?

This potential tenant says she's in the middle of a divorce and so her mom will pay the rent a year up front ? 

The lease also will be in her mom's name as otherwise my property becomes an 'asset' ? 

Thoughts? 

Maybe just require monthly rent payments ?

Thanks

Most Popular Reply

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,116
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28,105
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

Offering to pay rent in advance can be a red flag. They may be waving large sums of cash in your face hoping you will skip your screening process. Or maybe they are trying to jump in line ahead of more qualified applicants. Either way, the promise to pay rent in advance should not be a determining factor in your screening and approval process.

  • Nathan Gesner
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