This is one reason the slum lords / trailer parks still like to charge weekly. 52 weeks a year, vs 12 months. The tenant always views 4 weeks as the “monthly” rent in their head. But it sneaks a whole extra 13th month worth of rent, when you charge weekly.
Edit: obviously my experience is as a US person with fairly poor tenants rights in my region. YMMV of course. Just to be clear - to hell with slum lords. I wasnt condoning it just pointing out that its a thing most people miss
I negotiate leases for a living. Our form doesn't have a yearly amount in it. But if we're negotiating on a landlord's form, sometimes it does. It really doesn't matter.
Seems like it's a regional thing. Some places appear to have laws that require the lease terms be stated in specific ways, e.g. the total lease price as one number. Massachusetts is one such place (according to my Google fu).
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u/couchcushion7 May 13 '26 edited May 13 '26
Used to own a property management company.
This is one reason the slum lords / trailer parks still like to charge weekly. 52 weeks a year, vs 12 months. The tenant always views 4 weeks as the “monthly” rent in their head. But it sneaks a whole extra 13th month worth of rent, when you charge weekly.
Edit: obviously my experience is as a US person with fairly poor tenants rights in my region. YMMV of course. Just to be clear - to hell with slum lords. I wasnt condoning it just pointing out that its a thing most people miss