Pay rent up front for a year with cash?

Discussion in 'The Great Indoors' started by mechanix901, Mar 29, 2012.

  1. Do land lords still ask for proof of income and blah if i just drop a years worth of rent in cash up front?
  2. Depends on the landlord obviously. Id imagine there are a few homeowners out there who would love that setup with this economy
  3. I'd be careful with that, your landlord could say you never paid and pocket your money
  4. hell no sir, id have to get proof of purchase.
  5. How much is the rent?

    No matter what, I wouldn't pay for a years worth of rent up front with cash. I'd sign a one year lease and pay the landlord three months worth of rent a time in cash. That way if a situation of what ever magnitude comes and you have to leave your house you're not out a years worth of rent in cash and your landlord will still be happy enough to stay away from you.

    If you wanted to pay for a years rent up front, you obviously have the cash funds to do so, so this is my suggestion: Take all that cash, and put it in a separate bank account and leave it in there. Do not do anything with the account accept for when you have to take out three months worth of rent. Don't get a debit card for the account and don't get a check book. That way you can't spend money. Memorize the account number so you can withdraw the money from the account.

    My .02 cents
  6. We just don't want a fellow blade getting ripped off ... ya digg
  7. I don't see why not :confused_2:

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