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Updated 11 months ago,
Month to month Mid-Term Rental Agreement - how to structure payment if tenant cancels
Hello! How do you all structure the monthly payment if a tenant cancels the lease midway through the month? Do you refund them the remaining days of the month or do you have the tenant pay for the whole month regardless or a portion? We had a tenant recently who wanted to be paid back per diem the remaining days of the month that they paid for and it was too "nitty gritty" for me since we don't rent anyway "per day" and it felt like they were trying to get every last bit of $$ out of us at the end so not a nice feeling. I want to implement some additional verbiage in our rental agreement so this doesn't happen again and things are crystal clear to us/tenants who do end up being "month to month". Thanks for any suggestions!!