Updated over 5 years ago on . Most recent reply
Student Housing Security & 1st Month Rent Question
I own a student housing rental in a university where most students sign leases about 8-9 months in advance (signing around October for a lease that starts in June of next year).
My question is, at which point do most student housing landlords collect the security and 1st-month rent in this situation?
My PM doesn't have much experience with student housing and one of the parents is questioning why do they have to sign a lease so far in advance. From what I gather following the listing of more established landlords, leasing in advance is a common practice around there but I don't know if rent and security are being collected as well.
Appreciate any advice.