My tenant is moving in on 10/11/2009 with one year lease agreement. I will prorate her October month's rent. But, wanted to know when should her year long lease end legally?

Should it end on 09/30/2010 or 10/31/2010

Thank you very much for your response.

Hello b:

Whomever wrote the lease should have included the beginning date and the ending date, most likely on the FIRST line of the lease...

If that wasn't done, and you can't find it written down, it's anybody's guess... But, I'll assume that she gave proper notice and isn't breaking the lease, therefore she's moving a couple weeks early.

If that's so, you have no obligation to pro-rate the rent.

excon

Its whatever the two of you agree on. There is no law governing this. Personally, I would make it 10/30.

Quote:

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Originally Posted by excon

Hello b:

Whomever wrote the lease should have included the beginning date and the ending date, most likely on the FIRST line of the lease....

If that wasn't done, and you can't find it written down, it's anybody's guess... But, I'll assume that she gave proper notice and isn't breaking the lease, therefore she's moving a couple weeks early.

If that's so, you have no obligation to pro-rate the rent.

excon

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Thanks for your response excon,
Actually, I am asking this question as I am currently filling out the lease agreement for my fist ever tenant. As I mentioned she will be moving-in on 10/11/2009.
And I am in doubt if I should end the one year lease on
09/30/2010 OR 10/10/2010 OR 10/31/2010

Quote:

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Originally Posted by ScottGem

Its whatever the two of you agree on. There is no law governing this. Personally, I would make it 10/30.

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Thank you ScottGem for letting me know that there is no law governing this. I will discuss it with my tenant and would suggest to end it by end of Oct next year.

Quote:

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Originally Posted by bhavanasharma

Thanks for your response excon,
Actually, I am asking this question as I am currently filling out the lease agreement for my fist ever tenant. As I mentioned she will be moving-in on 10/11/2009.
And I am in doubt if I should end the one year lease on
09/30/2010 OR 10/10/2010 OR 10/31/2010

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Hello again, b:

If there's any prorating to be done, do it at the BEGINNING. Therefore, prorate the rent from the 11th till the FIRST of the next month, and have the lease START there. Ending it, will be EASY to figure out. The date rent is due is EASY to figure out. The date notices are due is EASY to figure out.

excon

I agree with Excon, that's why I suggested the October date. Prorate this Ocotber and have the lease end 10/30. Don't "discuss" it with the tenant. Tell them this is the way it should be. If they protest, then you can decide whether to give in on the point.