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Updated over 3 years ago,

User Stats

11
Posts
7
Votes
David Li
7
Votes |
11
Posts

Prospect Can't Pay Full Desposit

David Li
Posted

Hello, 

I have a prospect (family) whom I have already approved, but I am requesting 2 months deposit instead of the standard 1 month due to their less than ideal credit. They initially agreed verbally, but now they are asking if they can pay half of it now, and the other half in 2 weeks when she gets her paycheck. I've spoken to their current landlord and they have always paid on time for the past 2 years and the recommendation was glowing. Their income is 6x my rent but have a large debt. Given the pros and cons, how would you handle this situation?

Thanks in advance, 

David

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