ON WHAT DAY TO END THE LEASE
Most leases end on the last day of a given month, and this is the preferred way it is done. However, some property managers like to end the lease on an earlier date, either at the request of the resident, to make the lease an even one year, or to give the manager time to prepare the unit for re-rental for a 1st of the month rental. Seems logical, but this approach can cause problems. If you look at a typical lease, it usually has a requirement that the resident give a certain number of days’ notice to non-renew, or requires a certain number of days’ notice to be given before the end of a lease. If the lease ends on a date prior to the end of the month, this can cause all kinds of confusion. On top of that, if a lease ends on an earlier day of the month, the resident will only need to pay a prorated amount of rent, which again causes confusion with amounts and late fees. Stick to the end of the month as the date to end a lease, and avoid a lot of headaches and confusion.by Law Offices Of Heist, Weisse & Wolk P.A.
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