I have a tennant who wants to change from Monhtly rent to fortnightly rent to match pay cycle. I'm happy to do this but im having trouble getting both our heads around how much to pay.
So if the monthly rent is due on the 10th of this month then the tennant needs to pay the full month to me to keep the rent 1 month in advance
Correct?
Then when the tennants pay day is a week later on the 17th do they pay me 1 weeks rent then every fortnight after that 2 weeks rent?
Is this right or am i missing something.
So if the monthly rent is due on the 10th of this month then the tennant needs to pay the full month to me to keep the rent 1 month in advance
Correct?
Then when the tennants pay day is a week later on the 17th do they pay me 1 weeks rent then every fortnight after that 2 weeks rent?
Is this right or am i missing something.