Deposit paid in instalments - pros and cons??

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M
Member
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Hi
I've accepted tennants (a working couple)and will be signing them up to a shorthold assured tenancy agreement. I am letting them pay their deposit in three monthly instalments - I'd be grateful if you let me know what the pros and cons are of doing this. I've joined one of the government backed deposit protection agency schemes.

This is my first experience of being a landlord.

Many thanks

28/07/2010 00:00

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