If the tenancy start date is the 29th of this month what does open rent do?
Will the start of the tenancy and monthly pay date be the 29th or will the days for July be pro rataed and payment be set for the 1st of every month?
Which is the best option?
Rent is usually paid per calender month which means if the tenancy starts on the 29th July, the rental period runs from 29th July to 28th August. The rent payment is then paid on the 29th of every month.
In general, is there a defined process for what happens at the end of February in each non-leap year when the rental period start date is 29, 30 or 31 of a month?
Nothing happens, as the monthly rental is fixed regardless of whether a month has 28, 29, 30 or 31 days in it. It is a monthly rental premium, regardless of the length of the month.
Yes, the monthly rent is fixed but when is it paid if it’s does after the 28th? Is it the next day?
What does it say in the contract? In the openrent one it says the last day of the month.
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