Lease signing in advance

[Aaron Millis]

Hi all. If I had a prospective tenant(s) decide they would like to rent from me August, would I have them sign the lease now as well as collecting the security deposit this far in advance? I know people sign leases very soon here where I am in a college town but I just wasn't sure about the security deposit. Thanks

[James W.]

Not sure if you have done it yet, but you should see if it is legal to have more than 3 unrelated individuals in a house.  It is not legal in some areas.  

I would charge more for two people in a room as it is more wear on the home, more drama for the rest of the people living there and what would prevent someone moving a family into a room?  You will need to figure out if there are any issues in doing this, but can the house really support this if multiple people decided to shack up to save money on their rooms.