dates - Landlord Forum thread

dates by toni L on July 29, 2010 @17:28

Let's say a tenant agrees to rent on a M - M lease beginning Jan. 1st. The T asks if he can pay rent on the 3rd of each M & LL agrees. A lease is signed on the 2nd of Jan.

Ok, when the T decides to move is his lease honered from the 1st of each month, the 2nd or the 3rd?

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Depends on T's court by Anonymous on July 29, 2010 @17:49	[ Reply ]

Re: dates by OK-LL on July 29, 2010 @18:32

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You have to establish the rental period. If you accepted full rent on the 3rd and the tenant moved in on the 3rd, then the rental period is from the 3rd to the following 2nd, for instance Jan 3 through Feb 2. Then next rental period begins Feb 3 and rent would be paid on that date, to carry the rental through March 2. So if tenant is giving notice, in a literal state, he would give notice any time and count 30 days to the termination date; in a term state he would give notice any time and it is effective at the beginning of the next rent period and the end of that next rent period is the termination date. Make sense?

Re: dates

Re: dates by Eric (MN) on July 29, 2010 @22:03

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The lease is from the 1st of the month, to the last day.

People that move in on the middle of the month, get a pro-rated first month, then a full month rent thereafter. It doesn't matter what day of the month they actually pay.

Leases, run by a knowledgeable landlord, always end on the last day of the month.

Re: dates by Jack on July 30, 2010 @08:16	[ Reply ]
Most leases contain a grace period between the 1st and the 5th. If the lease is written as rent being due on the 1st and you pay on the 3rd, it is within the grace period. I understand the lease was signed Jan. 2 probably because New Years day is a holiday. The rent is still due on the 1st and rent periods still start on the first as written and agreed in the lease.

Re: dates by Anonymous on July 31, 2010 @05:30

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Make the rental period from the third until the second of the following month. I have done this, and just cut people the slack of moving their stuff in two days early.
You need to read the lease closely, and the lease needs to be fully discussed with both parties that have signed the lease.......
Never, never break or bend a lease you have signed. This move will come back to bite you. Both parties need to be completely clear when the funds are to change hands. What the lease says makes a big impact on the whole agreement. As well as rent being paid in a timely manner. Leases can stipulate a late fee after two or three days. Some leases allow three days without financial penalty. Some make payment due on the 1st, and can be followed up with a quit notice the next morning.
Read your lease. If it is not your lease, you shouldn't even be considering to assume the answer to this question. Because the lease stipulates the month to month rental period.