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General Landlording & Rental Properties

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David Vitarelli
  • Investor
  • Voorhees, NJ
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104
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Signing a lease today and and not moving for 30 days...questions.

David Vitarelli
  • Investor
  • Voorhees, NJ
Posted Jul 11 2018, 05:46

Hello BP community. I have have a quick query. I have a rental property in Philadelphia that I have found a tenant for but this tenant cannot move until August 15th....and today is July 11th. I wanted to know what the correct process is to move forward with this prospective tenant. I want to sign the lease and take the sec dep. first and last months rent....but I am not sure if that is customary to do given the gap in time before the tenant takes possession of the property. With all other tenants I have, the exchange of sec dep. first and last happens at lease signing then possession is taken immediately or the next day. Your feedback is appreciated and valued. Thanks! 

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