The decision to ask an applicant for rent in advance for the entire fixed term of the tenancy (typically 6 months) before granting a tenancy is the landlords, and will be based on the findings from the tenant referencing. This may be obligatory if the landlord wants rent protection and legal expenses insurance.
Asking an applicant for rent in advance is common where the landlord is concerned about the applicant’s ability to pay the rent:
- Applicant has failed the affordability assessment
- Applicant has adverse credit
- Applicant has poor credit score
- Applicant has large amount of debt
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