New tenant offering 6 month of rent instead of the standard 2...
So, we are looking for a new tenant for our investment condo.
We have a potential tenant who is offering 6 months of rent upfront at the time of signing the lease. This is to go towards the first month, and the last five months of the 12 month lease.
His employment is legit and checks out (in a healthcare setting), reference from his last landord is also good. Credit reports are also good. He is moving to be closer to his new workplace (no WFH for him...).
For the other months (starting from Nov) he will be giving us post-dated checks.
The only concern is that the his GDS is close to 40% instead of the standard 36% (reflection of living in Toronto??).
With this background, is there something that i should be wary of? Especially as the Ontario standard lease stipulates 2 months of rent at the time of signing the lease.