In this article:
The first month's rent: A note for landlords
No matter which pricing you use (Basic or Advanced), the tenant always pays the entire first month's rent to HousingAnywhere to rent your place.
If your rent calculation method means the tenant "overpays" for their first month (e.g., on a Daily or Half-monthly basis), this extra amount must be deducted from the tenant's second month's rent payment (which they pay directly to you).
Rent calculations in advanced pricing
You can choose one of three rent calculation methods:
Daily basis: This method calculates rent per day. For any partial month (like the tenant's first or last month), you charge only for the exact number of days they stay. For all full calendar months, you charge the full month's rent.
Half-monthly basis: This rule applies only to the tenant's first and last months. A specific rule applies based on the number of days they stay:
14 days or less: You charge half a month's rent.
15 days or more: You charge the full month's rent.
(For all other full months, you charge the full month's rent.)
Monthly basis: You charge the full month’s rent for every month, no matter the move-in or move-out dates.
Comparing the 3 methods: an example
Let's use one simple scenario.
Scenario: A tenant rents your place from 20 April to 10 August for €1,000 per month.
First & Second Months (April & May)
The tenant pays €1,000 to HousingAnywhere to confirm the rental (for April).
You must then deduct the overpayment from May's rent.
Daily basis: The April rent is for 11 days (so, €366.67). You must deduct the €633.33 overpayment from May's rent.
Half-monthly basis: The April stay (11 days) is "14 days or less," so the rent is half a month (€500). You must deduct the €500 overpayment from May's rent.
Monthly basis: No deduction is needed.
Last Month (August)
The calculation is clearest on the tenant's last month. Here is what you would charge for August:
Method | Last Month Charge (Move-out: 10 August) |
Daily basis | You charge for 10 days. (For 1 August to 10 August). |
Half-monthly basis | You charge half a month's rent (€500). (The 10-day stay in August is 14 days or less). |
Monthly basis | You charge the full month's rent (€1,000). |
(For all three methods, you would charge the full €1,000 for June and July.)
You and your tenants can see a payment overview at every stage of the application process.