Sunday, September 15, 2013

Monthly Rent: When Is It Due And When Is It Late?

The most typical arrangement for the monthly rent payments is to be due on the 1st day of the month. This is probably how 99% of all landlord-tenant relationships operate. But is it required to be due on the first? Or, at least, is it so implied? And next question we might ask, once the due date is defined, when does the rent becomes late? This post will provide you with some hints on the subject.