Prepaid rent offered by applicants (implications)?
I'm trying to rent out my house and have gotten a few applicants that have offered pre-paid rent, anywhere between 4 months to 9 months. These applicants are offering prepaid rent because their credit is low and for one applicant, he has sufficient funds but unable to get a mortgage due to bad credit. I have researched online regarding the pre-paid rent and was able to gather some articles back in 2014 stating that as long as the tenant is offering and not being asked, it's okay. However, I'm wondering if this is still valid in 2020? My only concern is to finalize the lease and subsequently get asked to return their prepaid rent back.
If someone knows anything about this or has gone through a similar situation that can shed some light on this matter, I'd appreciate it. The articles discussing pre-paid rent are listed below:
https://www.thestar.com/business/person ... front.html
https://www.rentalhousingbusiness.ca/on ... -up-front/