I have a proposed tenant who is offering to pay 6 months rent in advance. What are the (if any) concerns about the AST and does it need to be re-drafted.
Question
Implied Terms in Tenancy Agreements (Wales) | Tenancy Agreements (Wales)
6 Months rent Prepaid
Answer
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1 Comment
20/02/2019 5:58 pm
There’s no problem with this as long as the tenancy makes it a requirement to pay 6 months in advance (e.g. first full payment of rent £5,000 and thereafter £416.66). That way, the advanced rent cannot be deemed a deposit or anything else.
Our Tenancy Builder has this functionality built in – just select the appropriate “rent type”.
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