Signing a lease a month in advance, what do you collect?
On Tuesday, I am having my newly accepted tenant sign a lease starting 10/1. Since the lease won't begin until October, what should I expect as far as collecting first month's and security deposit. We agreed to a 1.5 months security deposit which they are bringing. Do you also require first months rent even though the lease doesn't begin for another month? I have not yet responded to the request of signing the lease on Tuesday, so I can respond to the tenant telling them what to bring.
Thanks in advance.