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 6 years ago,
Need help Pro Rating rent the correct way for the lease
Hi everyone, I need some advice on how to structure a 12 month lease prorating rent.
The tenant begins her lease on July 15 and the total term is 12 months. She will give first and last months deposit upon signing the lease.
Monthly rent is 1450$
The plan is to collect first , last month rent and then on August 1st $725 and September 1st it goes back to normal 1450$ monthly due on the 1st.
Does this seem accurate ?
Also how should this be reflected on the lease to avoid putting down lease start date of 15th and do 1st instead ?
Thanks in advance :)