Tenant last paid the fortnightly rent on June 30th, 2020, it is now 17th of July 2020 and I have not received rent yet, is the rend overdue?
- Coffee DrinkerLv 72 months agoFavourite answer
Depends what the lease actually says. If rent is due every fortnight (every 2 weeks) and the previous due date was Tuesday June 30th 2020, then the next due date would be Tuesday July 14th 2020.
If the tenant paid on June 30th but rent wasn't due yet (meaning they paid early) then the next due date does not move forward, so it would be more than 2 weeks until the next payment is due.
Paying rent every 2 weeks is uncommon but makes sense if the tenant gets paid every other week and requests it.
Its worth noting that a tenant who pays every 2 weeks will make 26 payments per year so if they are paying half of the monthly rent every 2 weeks they actually end up paying 13 months worth of rent each year. There will be 2 months every year that have 3 payment dates.
If the intent is to simply split monthly rent into 2 payments, then rent should not be due a 3rd time in the month.
- BillLv 62 months ago
Maybe. It depends on the day it’s due, not when he made the last payment. He could have made the last payment early.
- MaxiLv 72 months ago