Reduced Price for Rent Prepayment | Rented property | Ask the Rabbi - SHEILOT.COM

Reduced Price for Rent Prepayment

Question

I want to rent out an apartment, I don't have the energy to chase after tenants, can I set a reduced price for prepayment?

Answer

The landlord can tell the tenant that if they pay at the beginning of the lease for the entire year in advance, the price will be reduced, and there is no prohibition of interest in this. (Even though in a sale in such a manner there is a prohibition of interest).

Comments

Have an additional question on this topic or need clarification? Leave your comment below. (Please note that the comment will not be published but will be sent directly to the answering Rabbi for review and a private response)

Please sign up or log in to submit your comment