Results 1 to 2 of 2

Hybrid View

  1. #1
    Join Date
    Sep 2016
    Posts
    13,916

    Default 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?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default 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.

    1. Sponsored Links
       

Similar Threads

  1. Moving Out: If You Pay Rent in Advance Do You Have to Pay Rent for the Last Month of Residence
    By Kremepimp in forum Landlord-Tenant Law
    Replies: 1
    Last Post: 10-19-2011, 07:44 PM
  2. Eviction Process: Am I Considered a Tenant in California if I Lived at a Place 11 Months Rent Free
    By wearealltacos in forum Landlord-Tenant Law
    Replies: 1
    Last Post: 06-20-2011, 08:50 PM
  3. Rent and Utilities: Tenant Died After Paying Rent in Advance
    By jmathisrud in forum Landlord-Tenant Law
    Replies: 1
    Last Post: 12-18-2010, 12:33 AM
  4. Rental Agreements: Paying Rent In Advance
    By lynagin in forum Landlord-Tenant Law
    Replies: 3
    Last Post: 06-12-2008, 03:22 PM
  5. Rent and Utilities: Accepting Six Months Rent in Advance in California
    By 2000landlord in forum Landlord-Tenant Law
    Replies: 1
    Last Post: 09-25-2007, 03:00 AM
 
 
Sponsored Links

Legal Help, Information and Resources