Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
pre-payment (by jules [KY]) Apr 14, 2008 5:21 PM
       pre-payment (by Irish [MD]) Apr 14, 2008 6:36 PM
       pre-payment (by billy button [MA]) Apr 15, 2008 7:57 AM

pre-payment (by jules [KY]) Posted on: Apr 14, 2008 5:21 PM

State Specific Question About: KENTUCKY (KY)

I have read that pre-payment of rent is illegal in some states. I'm wondering if KY is one of them. I have a prospective tenant that wants to pay 3 months ahead. Doesn't sound like a good idea to me.

pre-payment (by Irish [MD]) Posted on: Apr 14, 2008 6:36 PM

Prepayment can muddy up the water if you discover reasons to evict...sometimes druggies like to attempt this approach, or possible tenant stacking issues...

I sometimes accept prepayment of existing tenants with a good record for a month or two with a valid out of the country on a mission, etc...but I would never consider prepayment from an applicant that suggests this...too many past reports on this board from others about related problems....

pre-payment (by billy button [MA]) Posted on: Apr 15, 2008 7:57 AM

i dont encourage it.put it in a money market fund where u will earn a few bucks. --208.58.x.xx

Subject: RE: pre-payment
Your Name:
Your State:

Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: