Submitted by MailsDavis t3_10om1fh in personalfinance
ButtBlock t1_j6hlows wrote
Reply to comment by Default87 in Is prepaying your rent a smart idea? by MailsDavis
Unless you negotiate an appropriate (for interest rates) corresponding decrease in rent, which we did one time.
RudeAndInsensitive t1_j6igym9 wrote
Honestly, for a select few tenants I would probably consider this depending on my plans for that year. The issue with accepting prepaid rent from a tenant on the provider side is that it makes it a lot harder for us to evict the tenant in the case of lease violations. So if the provider is going to accept an overall decrease in rent plus the extra risk assumed by the tenant having already paid for 12 months of housing then it will need to be a very compelling reason and a very trustworthy tenant and no first year tenant is that trustworthy.
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