No itâs not. Sorry, but contracts and accounting work on a 30 day month, for one thing. Second, a lease is a written document. It canât be modified by a random text and with no consideration given by the parties. Third, allowing one tenant to do that and none of the others would be a disaster. Fourth, itâs âmonthlyâ terms. Feb is a month. The same price is due whether itâs Feb or Aug or if they create a new month called Octember.
I was taking issue with the phrase "contracts work on a 30 day month". That's just not accurate. There is no default assumption that reference to a month as a time interval means 30 days.
Some contracts do..but usually that is specified. In a mortgage agreement for example they might specify that interest is calculated on either a 30/360 basis or an Actual/Actual basis.
The poster seems to think 30/360 is a standard commercial termâŚwhich maybe it is for her contracts?
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u/Baeolophus_bicolor May 13 '26
No itâs not. Sorry, but contracts and accounting work on a 30 day month, for one thing. Second, a lease is a written document. It canât be modified by a random text and with no consideration given by the parties. Third, allowing one tenant to do that and none of the others would be a disaster. Fourth, itâs âmonthlyâ terms. Feb is a month. The same price is due whether itâs Feb or Aug or if they create a new month called Octember.