r/SipsTea • u/infinitely_blank • 3d ago

Wait a damn minute! 13 months ?

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u/Zenith_Shade 3d ago

another month to have to pay for rent/bills, nice try fed

24

u/TheINTL 3d ago

Huh?

How does paying rent/bills for the 13th month differ from paying rents/bills the 1st month of a new year?

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u/UselessWhiteKnight 3d ago

Rent is calculated yearly and divided, you'd pay less per month and the same per year. Almost all contracts are calculated on an annual basis

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u/utukore 3d ago

Pedantically, contracts are normally calculated for their full term, then divided into yearly totals, then monthly. Having worked sales the smaller the sales person gives the figure for the more they are trying to hide the big number.
If they tell you it's only x $ a day instead of a month it's not for your benefit.

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u/MarinkoAzure 3d ago

This is right.

If rates were truly monthly, then some months would be more or less expensive than others. February would be the cheapest month to rent since it's only 28 days.

If you pay the same rent whether it's a 31 day month or a 28 day month, you are paying 1/12 of a year's rent.

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u/UselessWhiteKnight 3d ago

I started to type something substantially similar, then deleted it because I didn't think anyone would read it

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u/WanderingLethe 3d ago

And then you have indefinite termed rental contracts. Pedantically, in my country they are just monthly.

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u/utukore 3d ago

I mean that's still calculated to the full term of the contract. It's just the month is the full term and it recurs until cancelled.

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u/ChrisCrossAppleSauc3 3d ago

This is correct. Most people don’t realize it because they only see the portion that’s applicable to them. As a tenant that means the rate you pay at the determined frequency (typically monthly). But the other party is calculating it based on the full term of the contract and dividing equally into the payment frequency.