Should I use money as a deposit or 1st months rent?

1 Thanks
27 Posts
13 years ago

I have a tenant wishing to let my house in January when there current tenancy ends. They are going away for a month next week and are willing to pay £700 upfront which was what I asked for as a deposit.

I was wondering if I should use this as a deposit and then before they move in take £575 first months rent


take the first months rent now and the deposit just before they move in?

Are there any implications or things i need to be aware of for either scenario?

many thanks

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