When to collect the deposit and first months rent

[Ken Parker]

I've found a couple to rent my condo and they want to sign a lease on Sunday for a move date of April 1st.

I'm thinking that I'd like to collect the deposit on the day that the lease is signed, which is on next Sunday, then collect the first months rent before the renters can start moving in. Does this sound correct?

[Ophelia Nicholson]

I would sign the lease and collect both security and first months rent- At this point if they aren't serious you need to know so you have time to find someone else. The problem also comes in that they could move in prior to the 1st and you will be out a few days rent but a bird in the hand is better than 2 in the bush( Haven't you seen the geico commerical) :lol: