Join the Residential Landlords Association

advance rent

You are here : Member Forums Tenancy Deposits advance rent
Mike_491
Mike_491
165 Posts
4 Thanks

tenant has had a guarantor for a few years. Guarantor wants to be freed due to end of relationship with tenant. Tenant has offered to lodge a couple of months rent with agent as a buffer as expects earnings for next 12 months to be erratic and some month’s rents will be a bit short. Does this count as a deposit and, if so, does it need to be entered into the new tenancy agreement, placed with dps and ‘protected’ ? I will almost certainly be used up over the next 6 months or so. Many thanks for any advice.

21/08/2019 10:27

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

Landlord & Investment Show London Olympia 2019
Residently
99 Homes
John Pye Auctions