For every new listing you create on the platform, you must select a contract type. Unless ‘Fortnightly’ or ‘Monthly’ are manually selected, ‘Daily’ will be the default contract type. All existing listings on the platform (which were added before the new contract types were introduced on 10-07-2020) became ‘Daily’ contracts by default. You can edit the contract type for your existing listings at any time by selecting ‘Edit listing’ from your Listing overview.
Contract Types
Monthly
Tenants will always pay the full month’s rent, regardless of the move-in date.
For example, a tenant moving in on May 20th would still pay the full amount for May.
Fortnightly
If the tenant stays for less than 2 weeks of a month, they only pay half of that month's rent.
For example, a tenant moving in on May 20th would only pay for the last two weeks of May. Similarly, a tenant moving out on August 13th will only pay for the first two weeks of August.
Daily
Tenants are charged for the exact amount of days they stay in your accommodation.
For example, a tenant moving in on May 27th, will only pay for the 5 remaining days of May. Similarly a tenant moving out on the 4th of August will only pay for the 4 days they booked in August. The daily rate will be calculated based on the monthly rental price.