Kauffer
Master Poster
- Joined
- Oct 17, 2014
- Messages
- 2,382
A lease will often specify that the rent and/or service charges are payable on "the usual quarter days". The usual quarter days are: 25 March - Lady Day, 24 June - Midsummer Day, 29 September - Michaelmas, 25 December - Christmas.
http://www.irwinmitchell.com/glossary/q/quarter-days
http://en.m.wikipedia.org/wiki/Quarter_days
I see you edited your post for source. We are talking about residential lets, not business leases. The most typical arrangement is a form of month to month tenancy. I expect most of the students in Perugia paid their rent just as the occupants of via pergola did - at the beginning of the month.
Did you really think that students pay their rent on quarter days?
