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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
The lease start date is the date that possession is passed from the landlord to the tenant. On that date, the lessee, or tenant, should begin recording straight-line expense even if that date is earlier than the commencement date specified on the lease.
Every tenant has a different lease end date. ... This means the tenant has until 11:59pm on the last day of the month to vacate. Thankfully, almost all tenants that plan on leaving at the end of their lease do not wait until the last minute! There are some very good reasons to end leases at the end of the month.
When a lease ends and a tenant moves out in the middle of the month, the person isn't responsible for paying rent for days when he or she isn't living in the unit. Question: I am a tenant and my lease ends in the middle of the month. ... Usually the landlord will prorate the rent for the days by calculating a daily rate.
Getting out of a month-to-month lease typically requires giving a 30-day written notice. ... To get out of a lease without giving 30 days notice, you either need the mutual consent of the landlord and tenant or there must be a serious breach of the lease.
A lease is typically for a specific term for a specific total amount of money. For example, a 12-month lease at $1000/month, is a lease for $12,000 at term. If you break the lease after 7 months, you would still owe the landlord $5000. A month-to-month lease at $1000/month is simply that. A lease for a total of $1000.
It can be from one to many pages, but in general, a lease defines exactly how long you'll be renting the apartment (six months, one year, two years and so on) and exactly how much money you'll pay in rent each month (and on what day).
Most apartment leases are designed to begin on the first of the month and end on the last day of the month at the end of the lease period. ... But there may be situations in which a tenant wants to move into an apartment at a midpoint in the month.
Rent Is Usually Due the First of the Month Your lease or rental agreement should spell out the details on when rent is due and where and how to pay it. Most leases and rental agreements call for rent to be paid monthly, in advance, on the first day of the month.
Prorated rent is the amount of money a landlord charges a tenant when he/she is only occupying a unit for a partial term (month, week, etc).
Do I have to pay the deposit and first month's rent at the same time? This is ultimately up to your landlord, but often the answer is yes. ... Likewise, they'll need your first month's rent upfront to ensure that you can pay rent every month, on time.
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