skacutter
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ITS THE LAW- this is the same situation as trying to pay off a credit card with a credit card. Though your card may be a debit card many states have laws that state you cannot use a debit or credit card for:
Paying off a credit card
Paying a down payment on a home
Security deposit for renters
any transaction in which the sole purpose of the transaction is to provide a financial security
A rent deposit is a form of a Financial security.
regards |
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bubbba2u
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get a receipt |
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Me, Myself & I
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They probably need the money. Just make sure you get a signed and dated receipt from them and keep it in a safe place. |
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ceetee
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Because they then have cash in hand---no messing with banks, no waiting for the automatic deduction to clear, no worry that you as a future tenant will rip them off.
As long as you have a receipt and keep it safe, I wouldn't worry about giving them cash. |
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Kramer
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That's a bit unusual, but it's not illegal or anything. As others have stated, you definitely want a receipt, since you won't have any other proof of payment. |
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FRED w b
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Keep your receipt! Then the form of payment won't matter...If the landlord wont give a receipt, look somewhere else unles you are planning on not getting the deposit back. |
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Dr. Ruth Less
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whatever you do make sure it is all down on paper and that you have a copy. Don't give money unless you have all the terms and conditions (lease) in your hand. When giving cash make sure you get a receipt that same day. |
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vgordon_90
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As long as you get a receipt from the landlord, I don't think it's fishy. Sometimes they use the cash to pay for carpet cleaning and painting. |
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Chriztina
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I personally don't like to pay cash for my rent and anything to do with my apartment. It can't be traced. Offer to pay by cheque or money order. But if they insist on cash, don't leave without a receipt. |
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Common Sense
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They don't take cards because they do not have a merchant
account....Not everyone can accept credit / debit cards...
This does not make them "dodgy" in the least... |
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Edward C
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You would have to ask the Landlord, their reason? My guess,
he has had problems with "Hot Checks" (bounced) and wants
to start out ahead of the game? If you pay in cash, be sure to get a receipt, and a rental agreement, to spell out the obligations of you and your landlord. Conditions on the treatment and refund of that deposit. Also, someone not able to start out with that much money, deposit and advance, is in all probability going to be a problem with future rents? Good luck! Would he take a "Cashiers Check"? If they insisted on Cash, they might want to avoid Tax (income) related issues? |
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M♥ni
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Sounds shady, can't really trace it without a receipt. |
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Plato the great Philosopher
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They take the cash so they can spend it immediately and it is available in their pocket for dispose. This way, when you move in and find out that something is not working, they can get it fixed asap. Another reason why they take cash is because it saves them a trip to bank while paying the super, who only takes cash. |
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