Calculating rent brought forward

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    Calculating rent brought forward

    be very grateful for some advice please. I'm new here & a new landlord. My tenant's AST will end 18th Sept, but they're remaining, so going onto a periodic agreement. They've asked to bring forward their payments starting from 1st of September, before current AST ends. Therefore, how much of the £795/mth rent will be apportioned for the next payment on 18th Aug, before we move onto payments from the 1st. I'm not quite sure about the calculation method. Am I right in thinking it's 14days they have to pay for, from 18th to 31st Aug? Please advise on calculation method. Many thanks in advance.

    #2
    Why are you changing the payment date, would advise to keep it all the same as per the original tenancy.

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      #3
      Indeed. Don't change contract, nothing in writing but informally agree, verbally only to change of date. And state if they miss any, immediate S8.

      Yes an s8g10 may be validly served if only 1p underpaid for only 1 day
      I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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        #4
        If the initial tenancy ends on the 18 Sept the rental period would start on 19th of the month. So it would be from 19th Aug to 31st Aug. £795 pcm x 12 months = £9540 a year. £9540/365 days = £26.14 a day. from 19-31 Aug is 13 days. 13 x £26.14 = £339.82.

        Please check my calculations

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          #5
          As 2020 is a Leap Year, do you have to divide by 366 ? - just curious lol

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            #6
            As above, imo its best to just agree verbally that they can pay a bit late so that there isn't any confusion about dates should a notice be required.

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              #7
              While the tenant is probably asking in all innocence to get the rent date aligned (probably with their payday) they don't realise the mess that it gets everyone into.
              Getting the payment dates out of line with the rental periods only causes confusion when the tenancy ends.

              If they serve notice for example, their notice should end on the 18th of the month, so there'll be another issue with the rent in that final month.

              I'd suggest telling them that you'd be delighted if they pay early, but the rent that they pay on 1st September will be for the period 19 September to 18 October.
              When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
              Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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