My potential tenant (father and young daughter) are immigrants. The father is a senior person, does not have any income in the UK, and want to pay the full year’s rent upfront from accumulated savings before moving in on a 12 month contract. Am I legally able to collect this rent upfront? Also, any issues or risks once the 12 month fixed term expires?
Yes you can collect the rent upfront
Write the contract as a monthly payment
Send a separate email documenting that you have received 12 months upfront and you are holding the remainder of the moneys in trust to be used for rent that month
Don’t write a contract with a 12 monthly term
How does he pay after 12months are up?
after that monthly get clearly written into contract
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