Tenant paid the entire rent for the duration of the lease

[Ken Yeung]

I have a tenant willing to pay the entire one year of rent upfront for the one year lease to start. Will you allow? Is it common to happen to the landlord? Tenant does not have the credit history to show from the past.

[Ned J.]

Been discussed on BP MANY MANY times...do a search.....

There can be instances where this plan makes sense.....client travels a lot or has a big influx of $$ etc..... but most of the time its a HUGE red flag.....at least to me. They are playing on your greed to overlook something...... bribing you.....baiting you to ignore your gut.

They would have to be a stellar tenant candidate in every other aspect and I would 2-3x my due diligence on them.....AND there would have to be reasonable explanation for them wanting to do it......

99% of the time, I'm gonna pass on this offer......