shouldn't a person only have to pay rent for the 28 days of feb...not a full 31/30 days?

Question

to elaborate...we moved in in the middle of the month and only paid for the remaining 14 days of october.

1200 mnthly rent/31 days in a month=38.71/day

so shouldnt this be applicable in this instance....

Answer 1

Look at your rental agreement. I am sure you pay 1200 per month. Period. Not 1200 per month for a 31 day month. Thats isn't how a lease works. In fact, how would that ever work? I can't believe you are actually complaining about this and made something official. I have lost all hope in mankind. This is the dumbest thing I have heard in a long time.

Answer 2

Sure it seems like a good idea to pay less in that 28 day month but what about the months that have 31 days? Do you want to pay more in those months? Typically instead of prorating and breaking rent down to a daily amount and multiplying it by the days that are in that month, it is instead based on twelve equal payments of a certain amount regardless of how many days are actually in the month in which you are making the payment. Thats how rent is determined contractually and enforced legally. The fact that when you moved the landlord prorated it so you only actually paid for the days you were there was very nice. Legally they didnt have to do that. Unless otherwise specified in your lease February rent will never be less than the other months simply because it has less days nor will the 31 day months cost you more. Again its based on twelve equal payments regardless of how many days are in the month in which payment is due.

Answer 3

If they based your rent on a 28 day cycle you could be paying rent 13 times a year, or they could make you pay even more for the months with 30 and 31 days a month. Rental companies dont care if there are 28, 30 or 31 days a month as long as they get their money. Another way to think about it is to take your 1200 X 12 or 14400 per year now divide that by 365 for a daily amount of 39.45 per day (or 39.34 for leap year)

Answer 4

A rental month is 30 days. The daily amount is computed by taking the monthly amount and dividing by 30. To pro-rate a month, take 30, less the number of days already elapsed in the month. Then multiply by the daily amount.
E.g., If your rent is $900.00 per month, then your daily amount is $900.00/30 = $30.00. If you move in to a place on the 11th, then 10 days of 30 have already elapsed. You would pay for the remaining 20 days ... without regard to whether the month had 28,29,30, or 31 actual days within that month.

Answer 5

OMG, do I feel bad for your landlord. You just moved in a couple months ago and you're looking for ways to nickel and dime him. It appears you have severe money problems if you are worried about such a small amount. And something tells me while you live there you won't spring for common, inexpensive upkeep costs like new filters, floor cleaner, etc. This means when he gets the place back, there will probably be abnormal wear and tear. If I get any hint that my prospective tenants are cheap, I lock the doors and tell them it's already rented. Nothing can destroy a landlord more than cheap tenants! Bless your landlord. He needs all the extra help!

Answer 6

It depends what your contract says but mostly the are priced per calender month. After all you don't pay for 30 days in june and 31 in july do you. When you were only there for part of a month calculating a day rate and charging you for that many days is the most convenient way of doing it, that's all.

Answer 7

Although, it seem like you for the 14 days remaining in Oct. Your landlord allowed you to pay for half of the month and not the days remaining. Rents are basically paid weekly, monthly, bi-monthly only.

Answer 8

definite, even though it relies upon on how your hire is paid, if it relatively is 12 equivalent funds, then definite, yet while it relatively is calculated weekly or fortnightly (each and every 2 weeks), and you're paying month-to-month, then you definately could could be certain you're making the ultimate funds. If it relatively is weekly, your month-to-month charge is your weekly hire situations by using fifty two and then divide that by using 12, in any different case fortnightly, situations it by using 26 and divide by using 12. yet, if it relatively is quickly out month-to-month, which it probable is ... definite, you will pay.

Answer 9

Your rental agreement most likely is in annual terms. For example, you owe $12,000 for a one year lease, payable in monthly installments of $1,000 each.

While I don't know your specific situation, usually only SORs rent by the day.