One questions tenants often ask at the end of their lease is “What happened to my first 2-weeks rent?”
In the beginning, when the agent contacts you advising you have been accepted for the property, a time will be made where the lease will be signed, the bond paid and the first 2-weeks rent is paid. This is applied to the first 2-weeks and not held back to apply later at the end of the lease. Tenants often think they have 2-weeks up their sleeve at the end of the lease, which is not the case.
As an example, if the lease commenced Friday 28/02/2020, the first 2-weeks rent would be paid at this point and applied as follows: 28/02/2020 – 12/03/2020. Another 2-weeks rent would not be due again until 13/03/2020.
Rent is always due in advance; meaning that the 2-weeks you are paying is for the weeks to come, not the weeks that have passed. It is like pre-paid phone credit; you pay first, then you use it up.
If you have any questions or concerns, feel free to contact one of our experienced Property Managers and they will be happy to assist.
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What happened to my first 2 weeks rent?
22/01/2020
Article posted by Melissa Chaplin