I'm looking at the sample lease our state LL assn has drafted. Regarding a prorated first month's rent it says " The prorated rent from the commencement of this Rental Agreement to the first day of the following month is $_____, which amount shall be paid
___ at the execution of this Rental Agreement with the first month’s rent.
___ with the rent payment due for second month of this Rental Agreement "
There are check boxes for the LL to indicate which option he is requiring.
If rent is $1,000 and the proration is for a half month starting on 15 March then I understand the first option would have the tenant paying $1,500 on 15 March (half of March and all of April). The second option is not as clear to me. What do you people think? How about $1,000 on 15 March and $500 on 1 April? Then regular rent on the 1st of the month starting with May. Does that seem like a reasonable interpretation? Of course I think of this question on Friday night when the lawyers are off for the weekend.
___ at the execution of this Rental Agreement with the first month’s rent.
Or
___ with the rent payment due for second month of this Rental Agreement "
There are check boxes for the LL to indicate which option he is requiring.
If rent is $1,000 and the proration is for a half month starting on 15 March then I understand the first option would have the tenant paying $1,500 on 15 March (half of March and all of April). The second option is not as clear to me. What do you people think? How about $1,000 on 15 March and $500 on 1 April? Then regular rent on the 1st of the month starting with May. Does that seem like a reasonable interpretation? Of course I think of this question on Friday night when the lawyers are off for the weekend.