Can a landlord collect Honolulu Westloch Oahu rent 7 months in advance?
Recently a potential Westloch tenant applicant approached me to offer 7 months advanced rent if we gave them a $100+ (one hundred dollar) discount on the monthly rent. the owner wanted me to accept the offer, thinking that was a nice bulk sum to collect!
After research, I had to show the owner the Hawaii Revised Statutes HRS531-44 which, in summary, states "The landlord may NOT require or receive from or on behalf of a tenant at the beginning of a rental agreement, any money other than the money for the forst month's rent and a security deposit as provided in this section. The security deosit shall not be construed as payment of the LAST month's rent by the tenant.....
The above is for residential real estate with rentals up to one year. For commercal leases, there are often different laws that apply. If you want to know more details, review the statutes or consult a legal professional. If you need someone on Oahu to handle your single family home rental management, then contact Bruce.
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