My tenants and I have agreed that they will leave at the end of their AST term. Looking back at their email, they’ve referred to 31st May, however, the tenancy ends on 26th May. They pay rent monthly. Should they pay for the extra days?
Have you checked they wouldnt be happy to leave on the 26th ?
Might save you some bother.
Hello Olivia,
Yes they will have to pay the rent for those days. They will pay the daily rental value of the tenancy which is:
(Monthly Rent x 12)/365)
They will pay that amount times each day after the 26th they possess the property.
You should charge them this amount on the same day you usually take the rent from their accounts.
Best regards,
Simon