Rent Payments

[Dennis Seeman]

I am a realtor and investor in the Dallas / Fort Worth area and purchased my first "buy and hold" property last month.  After a little rehab, I have advertised it for lease at $1800 / month.  I was approached by a prospective tenant who loves the property but it is slightly over their budget.  They wanted to stay at $1700 / month.  To get in the property, they offered to pay a full year of rent upfront, at the $1700 / month along with the security deposit.  While I haven't run their credit yet, I suspect it is OK and that is not the reason for their offer.  The question I have, what, if any, is a reasonable rent concession for getting a full year's rent upfront?