Tenancy Deposit Scheme
Instead of taking a deposit or 2+ months rent in advance, one charges an agreement fee of £600. If the tenant pays their rent in a timely fashion and leaves the property as they found it, then one would pay them a £400 cash-back at the end of the tenancy.
Workable? Legal? Or can you spot any loopholes or drawbacks assuming the AST reflects all of the above?
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