Can You Pay Rent in Advance?

Chris at Hauseit® (https://www.hauseit.com) answers the question: Can You Pay Rent in Advance?

Save money when buying, selling and renting real estate in New York and Florida with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014.
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In most states, it's possible to pay at least the first month's rent in advance, and it's in fact what most landlords expect at the very least upon lease signing.

However, anything more than one month's rent upfront depends on the laws and regulations of your state and local government.

For example, in NYC landlords are only allowed to accept the first month's rent upfront, and a 1 month maximum security deposit.

In contrast, in Florida there isn't a limit on how much rent can be paid upfront, but landlords are required to hold the paid upfront rent in a separate account, and to only release funds as each month passes.

We explore this mystery and explain further in the following video.
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Hauseit Group LLC, Licensed Real Estate Broker
Tel: +1 (888) 494-8258
Email: team@hauseit.com
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