Whether you choose advanced pricing or basic pricing, the tenant will always pay the full first month’s rent to book a place. This will be the case for all the contract types (daily, fortnightly, or monthly) regardless of the tenant’s move-in date.
Because the tenant will pay the full first month’s rent to book a place, any excess rent they pay in the first month is reduced from the second month’s rent.
Rent calculations in advanced pricing
Daily contract — you charge rent only for the number of days a tenant stays.
Fortnightly — If the tenant stays for less than 14 days, you charge half a month’s rent; if more than 14 days, a full month’s rent.
Monthly — you charge a full month’s rent regardless of the move-in or move-out dates.
Contract type: Daily
Move-in date: 5 May
Move-out date: 29 October
Contract type: Fortnightly
Move-in date: 20 August
Move-out date: 29 December
Contract type: Monthly
Move-in date: 14 November
Move-out date: 15 March
You and your tenants can see the payment overview at every stage of the booking process.