Understanding rental payment schedules is crucial for Melbourne property owners, particularly if you’re considering selling an investment property. As of December 2025, rent is typically paid monthly in advance by tenants to either the property owner directly or, more commonly, through a property manager.
Currently in Melbourne, the standard practice is for rent to be due seven days into the month for monthly payments. However, this can be negotiated and specified within the lease agreement. For example, a lease might stipulate rent is due on the 1st of the month. When preparing to sell a tenanted property in the Eastern Suburbs – areas like Balwyn and Doncaster where investment properties are common – it’s important to realise the lease agreement dictates the payment schedule. Fletchers’ experience shows that prospective buyers will carefully review these agreements. A well-managed tenancy with consistent rental income can be a significant favour to a sale. In 2026, buyers will continue to prioritise properties with secure, ongoing income streams. The process of selling a tenanted property involves coordinating inspections with tenants and adhering to legal requirements regarding notice periods, which can impact the campaign timeline.
Ultimately, the exact date rent is due is determined by the lease agreement and impacts the financial overview presented to potential buyers.