Q: I have a prospective tenant that wants to pay a years rent, $30K, up front. Any downfalls for landlord to accept?
A: This sounds attractive but you should investigate the prospective tenant and the reasons for the offer very carefully before accepting. Sometimes this kind of an offer is legitimate, but sometimes it is an attempt to hide assets from creditor or a bankruptcy court. If so, this could result in a claim against you to recover all or a portion of the prepaid funds leaving you with no money and a tenant that may not be able to pay additional rent.
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