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How do different contract types work for landlords?
How do different contract types work for landlords?

There are 3 contract types you can assign to your property listings. Here’s more about each of them:

Kaj van Zweeden avatar
Written by Kaj van Zweeden
Updated over 3 months ago

You must select a contract type for every listing you create on the platform. Unless 'Fortnightly' or 'Monthly' is selected, 'Daily' will be the default contract type. You can edit the contract type by selecting Edit listing in your Listing overview.

Contract Types

Monthly

Tenants will always pay the entire month's rent, regardless of the move-in date.

For example, a tenant moving in on 20 May would still pay the total amount for May.

Fortnightly

If the tenant stays for less than 2 weeks in a month, they only pay half of that month's rent.

For example, a tenant moving in on 20 May would only pay for the last two weeks of May. Similarly, a tenant moving out on 13 August will only pay for the first two weeks of August.

Daily

Tenants pay for the exact number of days they stay in your accommodation.

For example, a tenant moving in on 27 May will only pay for the 5 remaining days of May. Similarly, a tenant moving out on 4 August will only pay for the 4 days they booked in August. The daily rate is calculated based on the monthly rental price.

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