tenant paying 1 year rent in full, good or bad?

[Yu Chen]

Hey everyone,

I just recently bought a rehabbed property in KS, MO. my PM just informed me that someone is interested in renting the property. This individual just hit a jackpot and wants to pay the one year rent upfront. According to the PM, they will still do a background check on her and she will still pay a deposit and it's just her and her daughter apparently. Anyone have any experience dealing with tenants like this? Are there any potential downside to getting all the rent up front? Thank you.

[Anthony Dooley]

@Jason D. That is not a true statement. Most rental agreements state that if the tenant violates the lease agreement, they still owe the remainder of the rent for the agreed term, usually 1 year. If the contract is for 1 year, and they have already paid for 1 year, they still have to abide by the rental agreement. Contract law.