Hi,
just have a query about renting to a social welfare tenant (from LL point of view).
On commencement of lease, the tenant pays the standard deposit & 1 month in advance.. then the welfare pay at the end of the first month for in arrears.
so would i (1) keep this cash until end of lease and take it that rent always being paid in advance (ie. when social welfare pay me at the end of july, i take it that thats for August instead?) ...or (2) do i give back the cash after first month after i've received 1st months rent from SW?
or (3) do i keep it until end of lease when tenant gives me her 30 days notice - and on receipt of final rent from SW (on day 30 etc) that tenant then gets their 1 month in advance back from me (as well as deposit, where applicable)?
I presume anyone else who takes a SW tenant on and gets them to pay a month in advance would have the answer to this!
Thanks!