ExpertLaw.com Forums

Can a Tenant Voluntarily Pay Six Months Rent in Advance

Printable View

  • 02-08-2017, 02:03 PM
    lawfacts
    Can a Tenant Voluntarily Pay Six Months Rent in Advance
    A tenant with poor credit wants to rent a home, and is willing to pay six months of rent in advance, but Massachusetts law allows only for payment of first and last month's rent and a security deposit of up to one month's rent. Is there a way for the landlord to secure the money so that the rent is certain to be paid, without violating the law?
  • 02-08-2017, 02:55 PM
    Mr. Knowitall
    Re: Can a Tenant Voluntarily Pay Six Months Rent in Advance
    The landlord should not accept a greater payment than is legally permitted. There are possible solutions, such as the possibility that the landlord might open an account that may be accessed by the landlord for rent payments; but there would be a chance that the tenant could take the money out. There are more complicated possibilities, such as the tenant's using an escrow service that would release rent to the landlord as it becomes due, but the landlord would have to be careful that any such arrangement was voluntary, as requiring an escrow service would almost certainly be deemed to be legally the same as requiring an excessive deposit.
All times are GMT -7. The time now is 11:31 AM.
Powered by vBulletin® Version 4.2.4
Copyright © 2023 vBulletin Solutions, Inc. All rights reserved.
Copyright © 2004 - 2018 ExpertLaw.com, All Rights Reserved