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Old 04-29-2010, 11:06 PM
 
787 posts, read 1,194,059 times
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Default Rent required long before the 1st?

Today I overheard a conversation while waiting on a line where someone said their landlord required each month's rent be paid no later than the 25th or 26th (sounded more like 25th) the previous month. Is there legality about this? Why require to receive the rent when it's still almost a week before the month has started? What if something happens during this week that may affect the tenant's desire to renew?
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Old 04-30-2010, 07:36 AM
 
Location: Atlanta, GA
482 posts, read 805,009 times
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Whatever is in the lease is what the payment date should reflect. If it states rent is due by the first, then I would guess that it's wrong for the LL to demand it earlier than that. If rent is stated to be due at the end of the month, then that's what it will be.
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Old 04-30-2010, 07:37 AM
 
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They are probably just covering themselves in case their renters payments are a few days late. Maybe there is a grace period before assessing a late fee?
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Old 04-30-2010, 07:47 AM
 
Location: Illinois
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I always have mine paid 1-2 weeks before the due date. We also have a 5 day grace period.
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Old 04-30-2010, 08:53 AM
 
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Quote:
Originally Posted by ssww View Post
What if something happens during this week that may affect the tenant's desire to renew?
What if nothing. The tenant signed a lease agreement. It's usually for a year. They have to keep paying for every month until that lease is up, and give notice when they don't intend to renew. Even on a month-to-month tenancy, that notice is 30 days minimum. They can't just decide in the last week of the month that they aren't paying. Regardless of when the LL requires payment.
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Old 04-30-2010, 09:25 AM
 
Location: Up in the air
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In my last rental my LL wanted the rent due on the 15th of each month. His mortgage was due on the 20th. It was a bit odd, but we all got used to it.
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Old 04-30-2010, 10:12 AM
 
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I don't know what state this is in but in California, there is nothing magical about the 1st of the month. A lease can be written with any date as the due date.
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Old 05-01-2010, 11:21 PM
 
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kodaka, it sounded like a month-to-month rent. They were students by the way.

Quote:
Originally Posted by JetJockey View Post
In my last rental my LL wanted the rent due on the 15th of each month.
Is it the 15th of the month for which the rent is to be paid, or the previous month? e.g. Was the June rent due on May 15 or June 15? The case I heard about was the previous month (hence too early).
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Old 05-02-2010, 12:42 AM
JS1
 
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It doesn't matter what label you put on the due date (May, June, etc.) Due on the 25th means just that -- the 25th of EACH month.
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Old 05-02-2010, 02:26 AM
 
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I saw a craigslist ad where some roommate posted a room for rent. Their policy was to ask for rent on the 20th. But that rent was to be applied to the first of the next month. That would have been a deal killer for me. If they are so worried about it then they can ask for a cashiers check. I'm sure there will be fees if rent is paid late, so I would expect a discount for early rent. 10 days early is a free loan and I don't give out free loans to landlords. The rental period can start on the 25th if they want, and then rent would be on the 25th too, but if they are looking for a free loan, then they better keep looking.
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