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Landlord insists to pay rent In Cash

alexjames2320
alexjames2320 Posts: 8 Forumite
Fifth Anniversary First Post Combo Breaker
in House buying, renting & selling
Hello Guys i wanted to ask you as im not too long in this country...im renting a house and the landlord made with me a contract for 6months and i paid him in bank account first but now we are discussing about the new contract and he said he wants the money in cash and not in the bank anymore. is it okay to give it in cash as long as i have a house contract or is it a problem? please i need some advice. have a good day!
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Comments

  • letitbe90
    letitbe90 Posts: 345 Forumite
    I would not be happy to do it personally as you don't get a transaction trail. I guess he may be doing it for nefarious reasons (hiding income) rather than to do you over, but I'd ask for some kind of receipt.
  • thriftylass
    thriftylass Posts: 4,033 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Sounds a bit unusual in today's times and might be suspicious. However, as long as you get a proper receipt?
    DEBT 02/25: total £6100 Debt free date 12/25
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Make sure it is a receipt signed by him and dated . Keep them in a safe place
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    alexjames2320 wrote: »
    Hello Guys i wanted to ask you as im not too long in this country...im renting a house and the landlord made with me a contract for 6months and i paid him in bank account first but now we are discussing about the new contract and he said he wants the money in cash and not in the bank anymore. is it okay to give it in cash as long as i have a house contract or is it a problem? please i need some advice. have a good day!

    How will the landlord collect the cash? Will he come to your home every month or will you be expected to take the money to him? I don't like walking around with large sums of money myself but if you do agree to this make sure you get a receipt for every single payment. In fact you could ask for a rent book.

    As an aside, you don't need to sign a new contract when the 6 month term ends. See G_M's Guide to Ending/Renewing an AST for further information.
  • alanobrien
    alanobrien Posts: 3,308 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Per above ok as long as you get a signed and dated receipt giving the rental duration that the payment covers. Sounds like the landlord may be doing a spot of tax avoidance - something they will regret if caught out.
  • letitbe90
    letitbe90 Posts: 345 Forumite
    alanobrien wrote: »
    Per above ok as long as you get a signed and dated receipt giving the rental duration that the payment covers. Sounds like the landlord may be doing a spot of tax avoidance - something they will regret if caught out.

    Tax avoidance is perfectly legal :).
  • Marvel1
    Marvel1 Posts: 7,399 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I would not be happy with it, bank payments - standing orders are regular, proof and no hassle with visiting on a monthly basis.

    Also sounds dodgy e.g. avoiding tax.
  • alanobrien
    alanobrien Posts: 3,308 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    letitbe90 wrote: »
    Tax avoidance is perfectly legal :).

    IF the means of avoidance is lawful of course.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    alanobrien wrote: »
    IF the means of avoidance is lawful of course.

    If it weren't then it would be tax evasion rather than avoidance.
  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Probably not declaring the income, maybe invalid tenancy as not BTL or CTL, did he protect the deposit?

    Find another place to live.
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