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PLEASE DO NOT DO THIS. That being said CA law DOES allow you to take multiple month's of rent up front (BUT PLEASE DON'T DO IT) as long as a fixed term lease of at least SIX MONTHS is signed. BUT PLEASE DON'T DO IT. They don't have income. They are desperate and you will be too after allowing them to take possession. Tenancies are NOT just about rent income. There is so much more to being good tenants which is why LL's run as many checks as they do..references from at least TWO prior LL's (verified LL's that is), VERIFIABLE source of income, employed, stable employment past, stable living arrangement past, no criminal background, good credit, etc. It can become a total nightmare if you do this and sign a lease with these folks and they turn out to be nightmare tenants in many of the "gray" areas. Evicting with all that money deposited as rent can be a complete nightmare. From 1950.5 (4) (c)
(c) A landlord may not demand or receive security, however
denominated, in an amount or value in excess of an amount equal to two months' rent, in the case of unfurnished residential property, and an amount equal to three months' rent, in the case of furnished residential property, in addition to any rent for the first month paid on or before initial occupancy.
>>>This subdivision does not prohibit an advance payment of not less than six months' rent if the term of the lease is six months or longer.<<<
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