Tenant offers to pay year's rent upfront : ezLandlordForms

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Marc S

started a topic over 11 years ago

Located in MA, a tenant has offered to pay a year in full to secure the home. Can the landlord legally accept this?

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Bob R

said over 11 years ago

I’m not sure how paying 1 yr in advance secures the home. Nothing stops you from selling the property 1 month after a lease is signed or stating an eviction due to a violation. You’re right to be suspicious. Anyone that offers that much up front rent, I believe, is up to something. Unless there is more to the story, I would back off and locate another tenant……Keep me updated on this one, please. -----Disclaimer: Since I’ve been answering a lot of questions, I thought I would make the following statement. I’m not affiliated with EZlandlord Forms. I’m just here (not sure how long) to help those that have questions. Having 40+ yrs with Rental Property and done well, it’s my way of “Pay it Forward (check out the movie).” However, it is up to you to become familiar with Fed/State/Local and Tax Laws. I always like to know if the suggestions I offer are helpful. Feel free to comment anytime. Thanks in Advance. BTW...check out the Rental Property Organizer at Simp-List.com. Free Trial Download. A great program at a great price @ $50.00! Check it out.

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Curtis B

said over 11 years ago

I often have tenants pay 6-12 months up front but they are college students who get loan/grants/scholarships. I have had no trouble with the arraignment.