When is next payment due after deposit and first month rent?

Question

If a tenant is providing their deposit and first months rent and before moving in February 1st. Is the next payment due March 1st? Just want to make sure I have this correct before I move the tenant in.

Meleana Tuimoala · Answer

Thank you so much! Yes, this confirms it for me.

Bjorn Ahlblad · Answer

@Meleana Tuimoala Welcome to BP. It is whatever you say it is and per your lease. We require 1st, last, and security deposit prior to move in. Next payment is due the first of next month. All the best!

James R. · Answer

@Meleana Tuimoala

If the lease starts on February 1st then security deposit and one month's rent is due prior to move-in. The next payment due from the Tenant would be on March 1st.

If the lease starts on a day other than the 1st of the month then you should still collect a full month's rent prior to move-in. The tenant would then pay the prorated amount on the next payment; month 2. Example, Tenant move's in on the 15th of a 28 day month (February). Monthly rent is $1000. You'd collect your security deposit plus one month's rent of $1000. On March 1st the prorated amount from the previous month of $500 would be due from the tenant. April going forward is back to $1000 a month due on the 1st.

Always get the largest sum of money you can prior to move-in. You don't want someone to move into your property at the end of a month for a couple hundred dollars then a week later stop paying forcing you to evict while they live free for a couple months.

Hopefully this makes sense. Always good to check your local laws to make sure this is allowed.