are there alternatives to taking deposits?

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V
Vicki
27 Posts
1 Thanks
Hi

I have a lady who will be claiming LHA that is interested in my property. The monthly rent is 595 and I have advertised a deposit of 700, however because she will be claiming LHA she will be paid 4 weeks in arrears, therefore can not afford the full amount upfront only 825.

Once credit checks have been carried out and come back satisfactory, I am happy to take a reduced amount at the begginning so she can move in, however I was wondering what to do in regards to rent and deposit?

Should I take 595 rent in advance and 230 deposit?
or
685 (5 wks rent) as deposit and 140 towards rent and then agree slightly more on the monthly rent, until she is one months in advance?


Once you have taken a deposit and held it within a scheme can you increase it over time?

Any help/ suggestions would be much appreciated.

Many thanks

25/11/2010 00:00

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