How does first and last month's rent work??

Question

I am in the process of moving, and some places want first and last months rent, and I want to know if you pay that do you then not have to pay rent for the last month you are there?? Does anyone know? I appreciate any thoughts or answers, thank you.

Answer 1

You are correct, most places do however require that you give them a 30 - 60 day notice when you move, but yes when you pay up front for the last month it is used for your last month of rent. this also helps the landlord in case you break your lease and he is left holding an empty apartment he thought would be occupied

Answer 2

Of course the firsts months rent is for your first month of living where ever. The last months rent is for your last month, meaning if you signed a 6 month lease then you are paying for month #6.

When month 6 arrives you do NOT have to pay rent that month. ( YOU ALREADY DID ) OR if you plan on signing a new lease and staying at the same location that "last months rent" is simply carried over to the end of THAT NEW lease period.

This is how I do it, as a landlord. Perhaps your landlord does things slightly different. Ask them... and don't be afraid to ask anything... I am a landlord and want my tenants to feel comfortable enough to ask me ANYTHING!!

To make a long story short : The "last months rent" IS RENT for the very last month that live where ever you are living.

Good luck! : )

Answer 3

But what if when you paid first and last months rent 5 years ago and now your current rent is $360 more. Do you have to pay the difference in rate?

Answer 4

Usually the first months rent is paid as a good faith gesture or as a damage deposit on the accomadations. The last months rent is precautionary, just in case you skip out or damages exceed the damage deposit; if you are a good tenant, you will get all deposits, etc back.

Answer 5

do not move if you have to ask question like this
you are in trouble