{"id":1501,"date":"2023-03-10T05:46:22","date_gmt":"2023-03-10T05:46:22","guid":{"rendered":"https:\/\/reval.com.au\/blog\/?p=1501"},"modified":"2023-03-13T06:36:31","modified_gmt":"2023-03-13T06:36:31","slug":"what-happened-two-weeks-rent-in-advance","status":"publish","type":"post","link":"https:\/\/reval.com.au\/blog\/what-happened-two-weeks-rent-in-advance\/","title":{"rendered":"What happened to my \u201ctwo weeks rent in advance\u201d?"},"content":{"rendered":"

If you\u2019re currently a tenant, then you may be wondering why there was a two-week rent in advance payment that was required to be paid before you could move in. To secure a property, you are required to pay two weeks rent up front which will be held in deposit until the day you collect the property keys. This deposit is held until you collect the property keys then transferred to rent so that you start your tenancy 2 weeks ahead. This means your next rent payment isn\u2019t due until you have been in the property for at least 7 days.<\/span><\/p>\n

\"couple\"<\/p>\n

\u00a0<\/span>To try and simplify this<\/i><\/b><\/p>\n

Say you paid two-weeks rent in advance to secure the property and you moved in on 1st January, the receipt you\u2019ll receive will show your rent being covered from 1st January to 14th January, this will be documented on your rental ledger. Your next rental payment will then be required by the 14th January and will cover the period you are paying for per your rental agreement (Weekly\/Fortnightly\/Monthly).<\/span><\/p>\n

 <\/p>\n

\"Rental<\/p>\n

So unless you immediately pay another week\u2019s rent on the day you move in (01\/01\/2023), then weekly after that, you are no longer 2 weeks ahead, and are only paying the coming week in advance.\u00a0<\/b><\/p>\n

\"calendar\"<\/p>\n

Note that if you are wanting to maintain a buffer of two-weeks rent in advance on your tenancy and potentially use this at the end of your lease, you would need to make another payment of two weeks of rent on top of continuing to make regular rental payments as required per your rental agreement.<\/span><\/p>\n

\"confused\"<\/p>\n

I am still confused<\/i><\/b><\/p>\n

If you are still confused about this, the best thing to do is to always ask your agent or landlord for a rental ledger. This ledger is an accurate account of all the rental payments you have made, including any that you have made in advance, and the periods that each rental payment covers from the beginning of your tenancy.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re currently a tenant, then you may be wondering why there was a two-week rent in advance payment that was required to be paid before you could move in. 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