General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Lease Agreement - Prorated Rent
What is the proper way to structure a lease agreement to handle prorated rent? If I have someone moving in on 9/23, should I make the lease commencement date 9/23/16 through 9/30/17 (slightly more than 12 months) and just prorate the rent? Or is it best to structure the lease precisely at 12 months and add a proration clause. I am thinking the former since the terms of the lease should apply on the move-in date. But just didn't know if there was some taboo on lease terms being slightly more/less than a standard 6/12/24 month arrangement.