When is My 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.

Your next rental payment date takes into account your holding deposit. Typically, you would have paid a one-week deposit plus one week’s rent before signing the lease. This means your payment date is 14 days from the date your lease officially begins.

For example, if your lease commenced on March 23, 2025, your next payment date (with two weeks paid in advance) would be April 5, 2025. Keep in mind that the 23rd of March also counts as a day.

Here are some tips to ensure your rental ledger stays in good standing:

• Plan ahead for transfers: All transfers take time to clear, so it’s recommended to make the payment one day before your actual due date.
• Weekend delays: Transfers are often delayed over weekends. If your payment date falls on a Sunday, it’s best to pay on the Friday of that week to ensure the funds clear on time.
• Use the correct reference number: To help us allocate your payment to your account, ensure you include the reference number provided in your lease agreement. Without this reference number, we cannot allocate the funds to your property, and your account may fall into arrears.

Need further clarification on when to make your first rental payment? Feel free to contact us at support@sydneyrealtygroup.com.au. We’re here to help!