Marchant Property Management Blog

When is rent due!?

Marchant Property Management, LLC - Monday, May 1, 2023

Important and great question! When is rent due?

At Marchant Property Management, rent is due on the 1st of each month.

Often times, you may move in on a date that is not the 1st of the month.

For example, you may move in on January 15th and pay a pro-rated amount of rent from January 15th to January 31st.

The following month, February your rent will be due on the 1st for the remainder of your lease term.

Late fees are added to your ledger on the 6th of the month and are 10% of your rent amount.

Evictions are filed on the 11th of the month.

Remember! Rent is due on the 1st!