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Wouldn't this be feasible?

Discussion in 'Other Residential Landlord & Tenant Issues' started by Genichka, Jul 31, 2010.

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  1. Genichka

    Genichka Law Topic Starter New Member

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    Okay coming from a person who is unemployed but recieves unemployment and has one years worth of rent (based off of $650 a month) saved up and not that great of credit:

    Would I be able to rent a place?
    I told one place of my situation and told them that I would be able to pay the lease upfront and was told that they don't accept pre-payment (well that the management doesn't accept pre-payment). I find it sort of odd that they wouldn't accept that. I even called the city's Housing Authority and asked and they even found it odd, so what gives? Why wouldn't a place accept that from someone who is unemployed?
     
  2. jacksgal

    jacksgal Super Moderator

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    Many places refuse prepayment and there are many good reasons for this.
     
  3. Genichka

    Genichka Law Topic Starter New Member

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    But WHY?
    When they have people that (from what I've read in the bankruptcy forum) who have BK on record and are told they have to pay a couple months rent upfront or put down a large deposit,and that's okay?
     
  4. jacksgal

    jacksgal Super Moderator

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    These are two different situations. Besides there is no law that forces a Landlord to accept such terms
     
  5. Gail_in_Georgia

    Gail_in_Georgia Moderator

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    Legally they don't owe you an explanation as to why they follow this policy.

    Gail
     
  6. MorgansDaddy

    MorgansDaddy New Member

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    Here is an idea, find a rental place that will agree to those terms. OR, if you can get approved to move into a place that won't accept the money for the year lease up front, place the money you have saved in a savings account, taking out the money to cover the rent each month while your balance draws interest.
     

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