Submitted by evilhaw t3_11dqcz8 in personalfinance
evilhaw OP t1_jaa8de4 wrote
Reply to comment by Banea-Vaedr in Would I need to pay Rent Twice? by evilhaw
But my Move in Date was two weeks ago(Feb 13th) I wasn’t a tenant last month?
Banea-Vaedr t1_jaa8hlz wrote
Not last month. the last month. You won't owe the last month. Check the lease
Brye11626 t1_jaafo1r wrote
That would be super bizarre way of handling things. You think the landlord is trying to collect a retroactive payment for February 14th-28th on March 1st?
That would be a first for me. I'd say it's far more likely that the 600 was credited towards February and then they are "cutting a break" in March to even it out. That's how all my rental agreements have worked whenever they are prorated or a subsidy was given i.e. one month or half month free for move-in.
Either way OP should ask the owner.
Banea-Vaedr t1_jaag19w wrote
Seeing as that's exactly what my landlords have always done, yes.
Brye11626 t1_jaagjrx wrote
Every landlord you've ever had has asked you to pay your first month's rent at the end of your first month there instead of before move in..?
Banea-Vaedr t1_jaagsz5 wrote
They've asked for first full month +pro-rated first month, last month, and deposit.
Loggerdon t1_jaamtme wrote
Exactly. Every landlord does this.
thomasvector t1_jaawz53 wrote
Not every landlord, but it is most common. I've personally only ever paid first full month + deposit + pro-rated first month if applicable. I've only paid last months rent up front once in almost 30 years of renting.
bros402 t1_jab5tf1 wrote
In some states, they can't ask for first month + last month as security deposit
hummingbird_mywill t1_jabnhtg wrote
I’m pretty sure can ask for first and last in every state, but not everywhere will let landlords do first, last, and a deposit on top. That’s the case in my jurisdiction, only first and last.
bros402 t1_jacq6dt wrote
Here in NJ, security deposit can't be more than 1.5x rent
123456478965413846 t1_jabfley wrote
Different areas have different ways that it tends to work. Where I live they usually charge security plus 1 full month at move in and then on the first of the next month you pay the prorated amount instead of a full month if you move in mid month. This isn't how every landlord does it around here but most of the big ones do. It's because it's the way they can collect the largest amount legally possible before move in. Where I live they also limit the size of security deposits and won't let landlords collect more than 1 month's rent at move in. So instead of first and last and security, it's just first and security, so they try not to prorate first.
Everywhere has different rules, and different norms and traditions.
123456478965413846 t1_jabez51 wrote
Where I live when you move in mid month they usually charge you your security deposit and a full month's rent at move in and then on the first of the next month instead of paying for another full month's rent you just pay a prorated amount based on how many days you lived there in the first month.
It seems counterintuitive since you pay at the beginning of the month it would logically make sense to pay a prorated amount at move in and a full month on the first of the next month. But they do it that way so they have a little more money for the first few weeks just in case you turn out to be a deadbeat.
Kevdog1800 t1_jabi88c wrote
It is not uncommon for some places/landlords to require a fill month’s rent up front, and then your second month’s rent is the prorated amount from your first month. So you paid a full $600 for Feb 13-28. Then on March 1st you will owe the prorated amount from February only.
KeyserSoju t1_jabb5yi wrote
Last as in final, not previous.
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