Profile picture for dandelos

A little confused...

My tenant signed his lease on 8/24/11. His first payment covered 8/24/11 - 9/30/11, and since then his payments have been due on the 1st of every month, for each of those months. Besides a security deposit, no other payments were received.

With the lease expiring on 2/23/13, does his last payment that is due on 2/1/13 cover the entire month of February, or 2/1/13 - 2/23/13?

Logically, it would seem that his last monthly payment should be prorated for just 23 days, to cover him through 2/23/13, is that correct?
  • January 28 2013 - Downtown
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Answers (3)

Best Answer

Profile picture for wetdawgs
If his first payment covered 8/24  to 9/30 and was more than the regular month's payment to account for the several extra days, the last payment would be prorated for 23 days.

  • January 28 2013
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If you review your lease you will find your answer.  If the lease start con 8/24/11 and finished on 2/23/13 his last payment will be on Feb 1/13 for 23 days of the month.

Best of Luck,

Maria Cipollone
  • January 29 2013
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Profile picture for dandelos
Thanks wetdawgs!
  • January 29 2013
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