Rental question
Discussion
You're about to rent a place, price agreed, removal firm booked. Landlord, who lives opposite rented property, says "if you pay 6 months up front, I'll knock £25 a month off. So long as you give me enough notice to re-let the place within the 6 months, I'll reimburse any balance."
Reason for question: Mother is renting having sold her house while she looks for new place to buy. Obviously a new place might come up well before the first 6 months rental is up.
Can anyone see anything wrong with paying up front for the discount other than the obvious "he might not be able to re-let?
Reason for question: Mother is renting having sold her house while she looks for new place to buy. Obviously a new place might come up well before the first 6 months rental is up.
Can anyone see anything wrong with paying up front for the discount other than the obvious "he might not be able to re-let?
Could be behind on his mortgage payments and need the cash.
Could have c/card debt that needs paying asap (which means they wont be fixing that boiler if it goes bang next month).
Could just want the money up front for cash-flow reasons.
In my experience, if something goes wrong with the place and your mum has already paid 6 months up front, why would the landlord rush to get anything fixed when he already has the cash?
I'd rather pay the extra £150 over 6 months and have the money in my pocket. Its a lot easier trying to get something fixed when you owe the landlord than the other way around.
(I speak as a landlord)
Could have c/card debt that needs paying asap (which means they wont be fixing that boiler if it goes bang next month).
Could just want the money up front for cash-flow reasons.
In my experience, if something goes wrong with the place and your mum has already paid 6 months up front, why would the landlord rush to get anything fixed when he already has the cash?
I'd rather pay the extra £150 over 6 months and have the money in my pocket. Its a lot easier trying to get something fixed when you owe the landlord than the other way around.
(I speak as a landlord)
I too have a few properties I let and this does sound unusual. If you think it'll run six months then get the terms in writing and sign it with the landlord.
How long does it normally take to view, negotiate and settle a date for moving in a new property? Your mother could easily take four months to get to that stage, (based upon me doing it a good few times now) but on balance I'm with Cinque, keep your options fluid as there's more to this landlord's request than meets the eye.
How long does it normally take to view, negotiate and settle a date for moving in a new property? Your mother could easily take four months to get to that stage, (based upon me doing it a good few times now) but on balance I'm with Cinque, keep your options fluid as there's more to this landlord's request than meets the eye.
cinque said:
Could be behind on his mortgage payments and need the cash.
Could have c/card debt that needs paying asap (which means they wont be fixing that boiler if it goes bang next month).
Could just want the money up front for cash-flow reasons.
In my experience, if something goes wrong with the place and your mum has already paid 6 months up front, why would the landlord rush to get anything fixed when he already has the cash?
I'd rather pay the extra £150 over 6 months and have the money in my pocket. Its a lot easier trying to get something fixed when you owe the landlord than the other way around.
(I speak as a landlord)
Agree, and also as a landlord.Could have c/card debt that needs paying asap (which means they wont be fixing that boiler if it goes bang next month).
Could just want the money up front for cash-flow reasons.
In my experience, if something goes wrong with the place and your mum has already paid 6 months up front, why would the landlord rush to get anything fixed when he already has the cash?
I'd rather pay the extra £150 over 6 months and have the money in my pocket. Its a lot easier trying to get something fixed when you owe the landlord than the other way around.
(I speak as a landlord)
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