When is rent typically due
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There is a pet at the property. There is an alarm at the property. 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. However, landlords are normally legally free to establish a different monthly payment date—or even to require that rent be paid weekly or bimonthly.
Some landlords make the rent payable each month on the date the tenant first moved in. As with most rental issues, your landlord calls the shots on these things. It doesn't hurt to negotiate, however, if you really would prefer a different rent due date.
Most lease and rental agreements say that when the rent due date falls on a weekend day or legal holiday, the tenant must pay rent by the next business day.
This sensible practice is legally required in some states and is the general practice in most. If your landlord insists on receiving the rent check by the first of the month or other due date , even if mail is not delivered on that day, take a look at the law in your state —you may find that your landlord is violating it.
If not, you may have to bite the bullet and get your rent in early. Your lease or rental agreement probably also states where you should pay the rent and how it should be paid.
Mailing your rent check to the landlord's business address is the most common method of rent payment, unless your landlord or manager has an on-site office. If you mail your rent check, make sure that it arrives on the due date. It is not sufficient to mail your check on the day it is due. Tenants often feel that the form of payment—cash or check—should be up to them.
Unfortunately, it's not your call. Most landlords require rent be paid by check or money order, but some landlords now allow payment by credit card a great way to build up frequent flyer miles! These days, many landlords won't accept rent in cash—they don't want the risk of keeping large amounts of cash on hand.
Your safety, too, will be imperiled if the word gets out that you regularly make a trip to the manager's office carrying several hundred dollars in cash. If you must pay in cash, be sure to get a written, dated receipt stating your name and the amount paid. Your Money. Personal Finance. Your Practice. Popular Courses. Home Ownership Renting. Part Of. How Renting Works. Know Your Legal Rights. Types of Renters. Insurance for Renters. Table of Contents Expand.
What Is a Month-to-Month Tenancy? How a Month-to-Month Tenancy Works. Pros and Cons of a Month-to-Month Tenancy. Different Types of Tenancy. Key Takeaways Month-to-month tenancy is a periodic tenancy wherein the tenant rents from the owner on a monthly basis. This type of tenancy is most commonly found in residential leases. Other variations of tenancies found in lease contracts include tenancy for years, tenancy at will, and tenancy at sufferance.
Pros Control over the end date of the tenancy Financial fluidity Peace of mind. Month-to-month tenancy falls under the real estate laws that cover leases. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.
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