NetRent (8)

Is it better when taking on a new tenant to ask for six months rent in advance or a guarantor?

Here is a question to the blog clinic from Liz who is a landlord:

“I am a rookie landlord and learning the ropes. I am letting out my property and have found some private tenants. They wish to pay 6 months upfront rather than having a guarantor. Are we secure as landlords? Is there any way in law that they could ask for a proportion of the advance rent back? Many thanks.”

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