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Updated about 7 years ago on . Most recent reply
Paying a year of rent up front
Hy, ont of my renters want to pay me a year of rent. He also want a discount for paying everything up front. What is a reasonable/normal range of discount I should offer him/accept from him? Thank you a lot!
Most Popular Reply

This always sounds better in theory, than it happens in real life. First there's the matter of whether you can even write it up that way in your lease. I don't know what the rules are in your area (you should check), but here in AZ, a landlord cannot require more than 1.5 times the rent up front, which means that it can't be in the lease as a requirement. So, that leaves it up to the Tenant to volunteer to pay after a signed lease is in place.
Next is the fact that you can't "Have" the money even if they prepay. You must place the prepaid rent into an account, and only "take" each momnth's rent as it becomes due.
So, I don't know what benefit that is for you..?? Why would you offer a discount for that? It's the same as a tenant who would pay month by month.