General Landlording & Rental Properties

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Mac Boeve
  • New to Real Estate
  • Holland, MI
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Deposit to Hold vs Signing a Lease Early

Mac Boeve
  • New to Real Estate
  • Holland, MI
Posted Aug 14 2022, 20:16

I have a rental unit available currently with an excellent tenant that wants to move in at the beginning of next month (2-1/2 weeks from now). I'm trying to figure out whether I should have her sign the lease early or go with a deposit to hold. 

She is willing to sign the lease early and pay first months rent plus security deposit in order to hold the unit. Is there any downside doing this instead of a 'deposit to hold'?

Grand Rapids, Michigan

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