Should I use money as a deposit or 1st months rent?

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V
Vicki
27 Posts
1 Thanks
Hi

I have a tenant wishing to let my house in January when there current tenancy ends. They are going away for a month next week and are willing to pay 700 upfront which was what I asked for as a deposit.

I was wondering if I should use this as a deposit and then before they move in take 575 first months rent

or

take the first months rent now and the deposit just before they move in?

Are there any implications or things i need to be aware of for either scenario?

many thanks

03/12/2010 00:00

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