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6 Months Deposit Up Front

CornishPidge
CornishPidge Posts: 21 Forumite
in House buying, renting & selling
Hi

Im currently trying to rent a property. I have been asked to provide six months rent in advance and just wanted to know if after the 6 months will I then go to paying monthly?

Thanks

Comments

  • BitterAndTwisted
    BitterAndTwisted Posts: 22,492 Forumite
    10,000 Posts Combo Breaker
    Probably. Or you could get issued with a Section 21 a fortnight after you've moved in in an attempt to end the tenancy.
  • Werdnal
    Werdnal Posts: 3,780 Forumite
    Part of the Furniture Combo Breaker
    Its not unheard of to ask for 6 months in advance, especially if your credit rating is not all it could be. Don't call it a deposit, as its 6 months rent - you will probably be asked for a deposit on top of this amount.

    I would guess it will go monthly after that, but its up to your LL.
  • jamie11
    jamie11 Posts: 4,436 Forumite
    CornishPidge wrote: »
    Hi

    Im currently trying to rent a property. I have been asked to provide six months rent in advance and just wanted to know if after the 6 months will I then go to paying monthly?

    Thanks
    Providing the tenancy agreement specifies the rent is due monthly, then yes. be careful though that you do not create a six month statutory periodic agreement for the tenancy. Read it very carefully

    Is this forward rent in addition to a deposit?

    Make sure that you have receipts for the whole amount and a statement as to how it is to be allocated.
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