2 months rent in advance

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    2 months rent in advance

    Hi i take 2 months rent in advance on my tenancy agreement and clearly
    state that the last month is free,does this breach the new rules that came into force in April as it is not a deposit?

    Thanks

    #2
    Read all the other threads on this subject as it has been covered more times than I like to remember.
    The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

    Comment


      #3
      Originally posted by cstal4katyry View Post
      i take 2 months rent in advance on my tenancy agreement and clearly
      state that the last month is free
      Very nice of you to offer a free month.

      Comment


        #4
        I never understand why people bother with these attempted loopholes (which usually fail). Doing it properly really is no headache.
        [I]The opinions I give are simply my opinions and interpretations of what I have learnt, in numerous years as a property professional, I would not rely upon them without consulting with a paid advisor and providing them with all the relevant facts[I]

        Comment


          #5
          Originally posted by MrJohnnyB View Post
          I never understand why people bother with these attempted loopholes (which usually fail). Doing it properly really is no headache.

          I assume OP wants to avoid tenant leaving without paying last month's rent, but then by doing this, they do not have any deposit to cover losses or damage at the end of the tenancy, so its swings and roundabouts really!

          Comment


            #6
            Originally posted by LesleyAnne View Post
            I assume OP wants to avoid tenant leaving without paying last month's rent
            Last month is free, so no worries there

            Comment


              #7
              Originally posted by cstal4katyry View Post
              Hi i take 2 months rent in advance on my tenancy agreement and clearly
              state that the last month is free,does this breach the new rules that came into force in April as it is not a deposit?

              Thanks
              Does it really state that?
              If it does in a 6 month tenancy no rent would be due in months 5 and 6.

              Comment


                #8
                Originally posted by cstal4katyry View Post
                Hi i take 2 months rent in advance on my tenancy agreement and clearly state that the last month is free
                When does the contract say that the second rental payment is due?

                Comment

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