- Family and Society
- Banking and Interest
Interest on Rent
Rabbi Chaim Tabasky
26 Tishrei 5766
Question
I am renting my apartment to Jewish tenants. They have paid me first and last months rent. Can they collect interest payments on the last months rent?
Answer
An advance on rent may be considered a loan, in which case taking interest is ribit and is prohibited. Giving a discount for rent paid in advance could be considered. The details of the contract should be worked out with a competent posek.
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Rabbi Chaim Tabasky
Rabbi Chaim Tabasky teaches a shiur in gemarah at the Beit Midrash program of the Machon Hagavoah l'Torah at Bar Ilan University. He is also a certified examiner of STa"M (Sifrei Torah, Tefillin and Mezuzot) and a narrative therapist.
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