What’s with this No deposit but 3 weeks in advance?

by femboi_ezra

5 comments
  1. As in you don’t get any money back at the end of your tenancy but your last 3 weeks would already be paid for.

  2. You should be careful. You might get surprised during or at the end of the tenancy!!

    Check out this subreddit if you have this sort of query

    r/TenantsInTheUK

  3. It’s an awesome, convenient alternative to a deposit! It means you pay approx 3/4 of the cost of a deposit, and in return, get absolutely no protection or conditions on when it should be returned!! Great, right?

    I mean, the optimist in me wants to think maybe it really is just rent in advance, but as rent is generally paid monthly, how would 3 weeks in advance work? Unless they want you on a 3 week rolling contract, which may be one of the few things that negates your right to be classed as a tenant (almost always minimum monthly contracts).

  4. This no deposit whack-a-doodle should be adversely avoided

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