General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago on . Most recent reply

Tenant signs lease but doesn't pay first month & security?
Hi -
What is the best way to avoid the situation of having a signed lease and no payment before move in? Don't want to be stuck with a stall for weeks then non-payment.
Does the act of signing make it a valid lease or does the consideration/money need to be delivered to be valid?
Will a clause in the lease saying not valid until money is received, and lease offer is revoked if not received within 3 days of signing solve this?
I'm in California, if someone could point me to relevant law - thx!
Most Popular Reply

- Investor
- Shelton, WA
- 6,948
- Votes |
- 6,603
- Posts
@Alan Bosca don't allow them to move in until you have deposit and rents. Generally we do a lease signing and collect security deposit, and first and last, in the form of a cashier's check before move in, On move in day we do a video inspection with the tenant in the video. I hope you have not given them a key. If you have, then get a locksmith over there and change the locks. Better start things off on the right foot.