What date are tenants charged?

Answer:

Tenants can either be changed once per month, twice per month, or weekly. If once per month, the full rent amount is charged on the day of month set. If twice per month, the rent is evenly split between two payments and charged on the two days set. The day of the month that rent is removed from the tenant's account is set in each lease with "Day of month that monthly amounts are due"". If the day of the month occurs on a weekend or holiday, rent will be removed from the tenant's account on the next business day.

Exceptions. There are several situations where the tenant may be charged on a different date:

• Move-in date is different than normal monthly collection date: The first tenant payment may be on a different day of the month if you collect an initial pro-rated rent amount.
• Return payment: The tenant will automatically receive a return notice and additional fees that you setup will be added. The tenant will be asked to make a payment for the amount due.
• Tenant changes date: A tenant can change the amount or date of their next payment.