Advice needed - tenant has CCJ but willing to pay upfront

Landlord Discussion
35

Hi,

I need some advice urgently please.
I have offered a tenancy to someone to start in the next couple of days based on the following terms:

  1. 6 months advance rent paid the day before moving in. The 6 months rent to be paid equates to an exact period and for a precise amount that covers the first 6 months and no more.
  2. 5 weeks rent deposit
  3. Universal credit paid directly into my account from the start of the tenancy. (this is regarded as further rent advance. After the initial 6 months term if the tenant wanted to continue with the remaining 6 months of the tenancy agreement then they would have a balance already with me i.e. rent paid in advance for a defined period and at the same rate – np hidden fees etc)
  4. Guarantor
    The reason why I have been so strict with this prospective tenant is because they are high risk and have 3 CCJ’s. The Universal credit money that Is paid to me from the start of the tenancy is regarded as advance rent for the following 6 months to ensure when the first 6 months is over, I’m not chasing the tenant for future advance rent.
    Apologies if my query above doesn’t make sense, please ask me questions for clarification.