Rent in advance

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Rent is generally paid in advance.

This means that you pay a set amount of rent up front on or before the day you move into the premises.

For example, your tenancy begins on 2 March and you pay 4 weeks rent on that day.

Your agreement says rent is to be paid fortnightly. Having paid 2 fortnights in advance, you might not expect to pay rent again until 30 March; however your agreement may say that the next payment is due on 16 March to keep your rent account always a clear fortnight in advance.

It is important to take this into account when you give notice to end your tenancy or you may find you have paid too much. The landlord/agent cannot ask for more than 1 calendar month’s rent in advance (cl 28).

 

Information supplied courtesy of the Tenants Union of ACT

Further information and advice for ACT tenants can be sourced from

www.tenantsact.org.au