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> Question for Landlords, Would you accept 12 months rent in advance?

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blondie82
post 09/04/2012, 04:21 PM
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As per the title.....so would you accept this from a prospective tenant?

Is that an attractive offer?
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mumma78
post 09/04/2012, 04:24 PM
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I had a friend who did this, offered that much up front, but no-one would accept his offer. Not sure why, I am interested as to why this would be.
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TwiceTheWoman
post 09/04/2012, 04:25 PM
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Hell yes. It means the tennant is serious. I'd be especially happy given today's economic climate.
P.S., Have had it offered only recently and accepted.
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Pompol
post 09/04/2012, 04:27 PM
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SIL accepted this from a tenant. They offered 12 months in advance but at $20 / week less. The market where she is was very competitive but she managed to save a bucket on interest on the mortgage so it was win/win.
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Guest_Cathode_*
post 09/04/2012, 04:31 PM
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As a Landlord, I would accept 12 months rent in advance - provided it wouldn't be on a cross over for a CPI (annual) or market review (we do that every 3yrs).
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Goggie
post 09/04/2012, 04:36 PM
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Yep. A friend of mine had a similar offer from a family that had fire damaged house and needed renovating and repair. It was an insurance payout so she was happy to take the money upfront for guaranteed tenant.
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Eeyolet
post 09/04/2012, 04:38 PM
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My Mum offered this as she was in between selling and building a house, the landlord gladly accepted.
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Madnesscraves
post 09/04/2012, 04:40 PM
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Yep. Doesn't bother me. 12 months upfront sounds good. Had 1 tenant offer 3 months advance but they backed out at last minute.
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sandy_1985
post 09/04/2012, 04:43 PM
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Sorry not a LL, but a renter.
We offered 8 weeks in advanced on our application, and when we paid the amount we said we would the RE was confused. Apparently they didn't see the offer.

We offered the extra upfront to create a positive relationship and to get some requested modifications through.
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opethmum
post 09/04/2012, 04:50 PM
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opethmum
As long as their references check out then no problem and all the power to you. Also I would just request RE inspections just to check that they are not using your house/unit as a boarding house set up.
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