How to calculate part rent payment?

Landlord Discussion
1

Hi,

I have a tenant interested in moving in on 13th December therefore I’d like to calculate the part rent for December plus we’ve requested she pay three months in advance. I seem to be a bit confused with how I can add this detail to the tenancy agreement?

I also don’t wish to use Open Rent to collect rent so I’m not sure how I can arrange for the tenant to make payment to me?

Any assistance would be great as we’re new Landlords.

Thanks
Becky

1 Like
2

Hi Becky

Normally you would just have 13th as the pay day, there is no need to have it coincide with calendar months.

If you are using open rents AST they need to take deposit and 1st months rent as part of their rent now. When you have accepted them and creating tenants you should be able to request 3 months upfront which openrent would deal with. After that you just need to give tenants your bank details to be paid directly.

If you really want to match calendar months it would be monthly rent x 19/31, not sure if you can amend to this on the AST.

3

I use the NRLA ast agreement .any variations I write in by hand and get that portion signed and witnessed, never had a problem