bond versus advance rent

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T
t-man
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I have taken some bonds from tenants which I have protected and served the PI's etc.

I have also taken some advanced rent payment for some tenants. Some in addition to the bond and some instead of a bond explaining to the tenant that, for example, "I am taking 2/4 weeks rent in advance which will be for the last two/four weeks of your tenancy after giving notice to vacate."

I have checked the start dates for the tenancies and they are all after the date that I need to protect the bond monies. Can I hold the advance rent money or should the advance rent money be protected along with the bonds?

I realise if it is the case that the money does need to be protected I only have the 30 days from the 6th April 2012 to do so.

Many thanks

Thomas Goode


06/03/2012 00:00

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