http://residentialleaseforms.org/prepay-an-apartment-lease/ State Specific Lease Agreements Wed, 28 Jul 2010 08:54:48 +0000 hourly 1 http://wordpress.org/?v=3.0 http://residentialleaseforms.org/prepay-an-apartment-lease/comment-page-1/#comment-210 Tim Mon, 31 Aug 2009 20:34:38 +0000 http://residentialleaseforms.org/?p=673#comment-210 Most, if not all, will not accept a prepaid lease. It limits the apartment building from evicting you in case there is a problem. You need some income, or verifiable funds to be able to pay. You may also need someone to cosign for you. Most, if not all, will not accept a prepaid lease.
It limits the apartment building from evicting you in case there is a problem. You need some income, or verifiable funds to be able to pay. You may also need someone to cosign for you.

]]> http://residentialleaseforms.org/prepay-an-apartment-lease/comment-page-1/#comment-209 tkquesti Mon, 31 Aug 2009 14:48:51 +0000 http://residentialleaseforms.org/?p=673#comment-209 The credit check is done for several reasons. They want to know if you are able to afford the rent, you have negative history on your credit, you have no felony convictions, etc, etc, etc. I have seen some apartment offering discount when you pre-pay. I would strongly advise AGAINST doing it though. You always have the leverage on your side when they want your money, not when they already have your money. My advise to you is to find several prospective apartments and go talk to the management. There is no law governing this type of things, so it is entirely up to the management of the apartment. The credit check is done for several reasons. They want to know if you are able to afford the rent, you have negative history on your credit, you have no felony convictions, etc, etc, etc.
I have seen some apartment offering discount when you pre-pay. I would strongly advise AGAINST doing it though. You always have the leverage on your side when they want your money, not when they already have your money.
My advise to you is to find several prospective apartments and go talk to the management. There is no law governing this type of things, so it is entirely up to the management of the apartment.

]]> http://residentialleaseforms.org/prepay-an-apartment-lease/comment-page-1/#comment-208 Ron Berue Mon, 31 Aug 2009 12:59:10 +0000 http://residentialleaseforms.org/?p=673#comment-208 We did this lots of times in York, PA. The property was 2 blocks from York College. We were fortunate enough to have the college's baseball team coach call about the property we were renting. We had a meeting and 3 baseball players were selected to rent the property. We ran them through the usual credit investigations and verifications w/o any problem. At the time the lease was reviewed and signed, the parents asked if they could pay the year's rent and security deposit - together with the per day rent charge [the adjustment] in advance. I agreed. From that time on - for almost 4 years - every member of the baseball team paid the entire rent and other related costs, in advance. For the most part, the young men were well-behaved and kept very good care of the property - according to the terms of the lease. My suggestion: Ask those landlords and agents about your concern. In the investment group I belonged to, one of the Landlords would automatically discount the lease by 5% for payin the full lease term and all related costs in advance. You could ask about this, too. The WORST answer you will get is "No". Other than in love and romance, "No" never hurt any one, did it? Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name! We did this lots of times in York, PA. The property was 2 blocks from York College.
We were fortunate enough to have the college’s baseball team coach call about the property we were renting.
We had a meeting and 3 baseball players were selected to rent the property. We ran them through the usual credit investigations and verifications w/o any problem.
At the time the lease was reviewed and signed, the parents asked if they could pay the year’s rent and security deposit – together with the per day rent charge [the adjustment] in advance.
I agreed.
From that time on – for almost 4 years – every member of the baseball team paid the entire rent and other related costs, in advance.
For the most part, the young men were well-behaved and kept very good care of the property – according to the terms of the lease.
My suggestion: Ask those landlords and agents about your concern.
In the investment group I belonged to, one of the Landlords would automatically discount the lease by 5% for payin the full lease term and all related costs in advance. You could ask about this, too. The WORST answer you will get is “No”. Other than in love and romance, “No” never hurt any one, did it?
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!

]]>