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Re: Rent--once/mo or twice a month--legal? - Landlord Forum thread 264766

Re: Rent--once/mo or twice a month--legal? by Franklin (TN) on August 23, 2012 @09:00

                              
Are you an possibly uninformed? The OP specifically stated the renter would pay on the 1st and 15th. Not every 2 weeks. So he'd pay twice a month, not every 2 weeks. Big difference. Let me put it in terms you can understand since reading comprehension isn't your strong point.

$600 x 12 months = $7,200.00
$300 x 24 (12 months x 2 times a month = 24) = $7,200.00

This old mortgage trick isn't going to work here, sparky. This only works if you truly get paid once every 2 weeks as well. A lot of businesses pay on the 1st and 15th and divide your annual salary by 24.
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Re: Rent--once/mo or twice a month--legal? by Anonymous on August 23, 2012 @21:36 [ Reply ]
Good point! And we all wonder why the laws favor tenants...

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