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Updated over 1 year ago on . Most recent reply

User Stats

140
Posts
27
Votes
Peyton LaBarbera
  • Investor
  • Connecticut
27
Votes |
140
Posts

Prorated Rent & FIrst Months Rent Question

Peyton LaBarbera
  • Investor
  • Connecticut
Posted

My scenario goes like this... Tenant has been screened and lease agreement has been signed they are all set to go and now I need the first months rent only problem is the move in date is looking like it is going to be in the middle of the month.

Should I either just ask for the prorated rent to be due for the # of days they are occupying the property/unit for the remainder of the month before they move in or should I also ask for the next months / "First full months rent" to also be due before the keys get handed over?

Of course I am also asking for many other things before they move in but this question is just focusing on this portion of what's due before move-in day

Thank you to all that replay,

Peyton LaBarbera

Most Popular Reply

User Stats

749
Posts
287
Votes
Chad Hale
  • Property Manager / Investor
  • San Jose, CA
287
Votes |
749
Posts
Chad Hale
  • Property Manager / Investor
  • San Jose, CA
Replied
I always collect full months rent and security deposit up front.  Any pro-ration (if applicable) is for the second month.  Rent is always due on or before the first of every month.
  • Chad Hale
  • Loading replies...