When to Make Your First Rental Payment

You’ve officially moved into your new home, and we hope you’re enjoying your new space! Once you’ve settled in, you might be wondering when your next rent payment is due. It’s important to understand this process, as delays in rental payments will appear on your rental ledger. This could affect your leasing records, especially if you rely on these records for future relocations.

How Your First Rental Payment Date Is Calculated

Your first rental payment date is based on your holding deposit. Before signing your lease, you would typically have paid a one-week holding deposit plus one week's rent in advance. This means your next rental payment is due 14 days from the date your lease officially begins.

For example, if your lease commenced on 23 March 2025, your next rental payment due date would be 5 April 2025. Keep in mind that 23 March counts as day one.

Tips to Keep Your Rental Payments on Track

Staying on top of your rental payments protects your ledger and helps you avoid falling into arrears. Keep these tips in mind:

Plan ahead for transfers: All bank transfers take time to clear. It's recommended to make your rental payment one day before your actual due date.
Account for weekend delays: Transfers are often delayed over weekends. If your due date falls on a Sunday, pay by the Friday of that week to ensure funds clear on time.
Always use your reference number: Include the reference number from your lease agreement with every payment. Without it, we cannot allocate the funds to your property, and your account may fall into arrears.

Frequently Asked Questions

Common questions from SRG tenants about making their first rental payment.

Your first rental payment is due 14 days from your lease commencement date. This accounts for the one-week holding deposit and one week's rent in advance that you paid before signing your lease. For example, if your lease started on 23 March 2025, your next payment would be due on 5 April 2025 — with 23 March counting as day one.

Yes. Bank transfers are often delayed over weekends and public holidays. If your due date falls on a Sunday or public holiday, it's best to make your payment the Friday before to ensure the funds clear on time.

Your payment reference number is included in your lease agreement. Always use this reference when making rental payments so we can correctly allocate the funds to your property. Without it, your account may fall into arrears.

Your lease commencement date is listed on your lease agreement. If you're unsure, contact our team at support@sydneyrealtygroup.com.au and we can confirm this for you.

Still have questions about your first rental payment?

Our team is happy to help. Reach out to us at support@sydneyrealtygroup.com.au and we'll get back to you as soon as possible.

Disclaimer: All information in this knowledge base is believed to be in line with current laws and regulations. Should these laws change in the future, the information provided may become outdated and no longer valid. This article is intended as a general guide only and is not an authoritative resource or a guarantee of specific outcomes. We recommend conducting your own research and seeking legal advice where necessary.