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Coralie | Having a hard time understand 'rent in advance' pls explain? |
im getting my first place and they ask for a deposit sum and a months rent in advance. and then after ive lived there 4 weeks they want my first months rent.
i do not understand this. how come im paying a rent after 4 weeks when i already gave them the money before hand. basically i am paying double rent on the first month and have thrown away a large sum of cash that ill never see again? |
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Time4AcuPPa
|
A deposit of 4 to 6 weeks is normal. Rent is then paid in advance. As and when you decide to leave you will not have to pay on your leaving date and therefore you will be even. |
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DiDi
|
You will not have to pay rent when you hand in your notice to quit on the tenancy ( which will be 4 weeks notice).
You do not lose it. |
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rachael.harvey@btinternet.com
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You should get your deposit back at the end, providing youn leave the property in good condition and stick to the rules of your tenancy. |
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Bardic
 |
There's two things here, the deposit and the rent. The deposit is in case you do a bunk leaving them with damage or something to repair. That's nothing to do with the rent. You get the deposit back when you leave, if everything's in order
Rent is normally paid in advance. As an example, you'd pay now for the rest of this month, at the end of this month you pay for February, at the end of February you pay for March and so on.
Quite normal. |
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garybuckwell
 |
the deposit is sopposed to be refunded if and when you leave if there is no damage to the property and the landlord is happy you will get it back so dont damage the property lol |
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Sam
 |
Not sure what state you live in but in California, a landlord can legally ask you for 2 times the security deposit and the first months rent when you sign a lease. You will recieve all the security deposit back if you leave the home exactly as you received it. Rent is always paid in advance so 4 weeks after you moved in should be rent for next month. |
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Angela D
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The deposit is for damages that they may have to clean up once you leave. Most, if not all, of this should be refunded when you end your lease.
When you make a rent payment it is for the coming month. For example; You pay February's rent on Feb 1st. March's rent on March 1st.
The rent they are asking for when you sign the lease is to cover the time you are living in the house until the next rental due date, which will be the first full month (this rent in advance should be pro-rated because you will not be there for the full month.)
Often times they ask for a full month's rent in advance so they are protected in case you don't pay. |
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DannoREA
 |
Before you move in, you pay this month's rent. At the end of this month, they want the rent for next month. You are paying the rent for the upcoming month so they are alittle more protected if you suddenly can't pay. |
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lunah_c
 |
A landlord will always ask for money up front. This is normally one months money as a deposit which is in case you damage the property on leaving or do a runner. Then there is payment for the first 4 weeks. After 4 weeks he will want another months money as he has said. This will pay for the next month. If they waited till after you might be less inclined to pay! |
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TATRAFAN
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It is in case you leave early owing rent or you leave the place in a damaged state.
Do everything right and you should get your deposit and a months rent back when you leave. |
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bebishenron
 |
it means that you are always a month in advance with your rent, most people do this as a security. you will get your deposit back etc once you move from the house granted that there is no damage to the house caused by anyone or any animal living there.
so basically if you pay rent at the end of january (and you have already paid the month and deposit in advance) it means that technically you have paid up until the end of february. you will probably find that the last month you stay there means you will not pay rent or if you do they will give the extra money you paid back with your deposit.
hope this helps |
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Jaze
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It basically means a desposit. If, when you move out, you haven't caused any damage that will coat your landlord, you'll get it back.
Landlords are notoriously stingy with deposits, if you are signing your contract through an estate agent I'd recommend asking them to carry out an inventory of the property creating a legally approved description of the state of it at the time you move in. |
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helprhome
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It's not a con at all it is common to sometime's be asked to pay first month, last month and a month for security deposit. It may have to do with your referrences or credit report or the fact that you have no rental history or it may just be tradition in your area. |
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bex
|
A deposit is incase you leave the place and repairs need to be made etc a month in advanc eis to pay for the 4 weeks you need to pay in advance each month so that you don't stay for 4 weeks and then just leave without paying for the weeks that you have stayed it is like that every where. |
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shih tzu lady
 |
It's the norm to pay a deposit and one month rent up front. So, if you move in, say 9 January, you give the landlord the deposit money and a months rent which covers you to 9 Feb. You pay the next months rent on 9 Feb which covers you to 9 March etc. Simple. Why sign a tenancy and hand over the money before you understand what you're paying for and when?? |
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♥Gillian..
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That is what is known as a 'bond'. They give it back to you when you move out of the house. It's in case you damage anything. If you wreck the house, you won't get that money back, if you look after the house, you will. |
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My Grain
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Ask for a contract and get everything signed in blood by him with a friend there to sign and witness with how much money you hand over and when you get it back.Sounds abit dodgy to me quite honestly. |
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Patrick
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Rent is not a service you pay for after it is done, it is a service you pay for prior to delivery.
Examples of services where you pay afterward are: Restaurants (you eat then pay), auto shops (they fix it then you pay), etc.
Service you pay before you use them are things like Grocery stores (you pay then take the groceries home), car dealerships (you pay for the car then drive it off the lot), homes (you buy the house/pay the rent before you live there).
what is being asked is for (1) a deposit and (2) first months rent. Deposits are not considered rent. they are held for things like damages, etc. If all is done correctly, a deposit is returned to you at the end of the rental period.
As stated previously, rent is paid before services are performed (beofre you live there). So you are paying the frist months rent before you move in, then you will use the services (live there for the month). 4 weeks later, at the start of the next month you are asked to pay rent again. This second rent payment is used to cover the second months rent. 4 weeks later you will be asked to pay rent again for the third month....and do on until the lease is up.
You aren't paying double rent because the payment you make 4 weeks later is for the coming month's rent, not the past month you have lived there. |
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Sαмміе
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Sounds like they are going to con you out of lots of money.
I'd double check with the landlord and ask exactly what he means.
He may want, in equivalent, 2 months rent for a deposit, that you'll get back when you leave providing the property is how it was when you first started renting it. |
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